# PPP loan: CONTROLLED POWER COMPANY INC
> **$1.29M** approved 04/28/2020 · Paid in Full · Loan `8203507205`
## Borrower
- **Name:** CONTROLLED POWER COMPANY INC
- **Address:** 1955 Stephenson Hwy, Troy, MI, 48083
- **NAICS:** 335311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Jobs reported:** 100
## 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*