# PPP loan: KENWAL STEEL CORP
> **$5.52M** approved 04/15/2020 · Paid in Full · Loan `8052817108`
## Borrower
- **Name:** KENWAL STEEL CORP
- **Address:** 8223 WARREN AVE, DEARBORN, MI, 48126-1615
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.52M
- **Initial approval:** $5.52M
- **Forgiven:** $5.59M (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.42M
- **Mortgage interest:** $1.10M
- **Jobs reported:** 296
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*