# PPP loan: STERLING LOGISTICS CO
> **$273K** approved 04/15/2020 · Exemption 4 · Loan `8092097100`
## Borrower
- **Name:** STERLING LOGISTICS CO
- **Address:** 6565 Cotter Avenue, Sterling Heights, MI, 48314
- **NAICS:** 423860
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $9K (3%)
- **Forgiveness date:** 01/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $273K
- **Jobs reported:** 20
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*