# PPP loan: DETROIT CHEMICAL AND PAPER SUPPLY COMPANY
> **$256K** approved 04/08/2020 · Paid in Full · Loan `8263947003`
## Borrower
- **Name:** DETROIT CHEMICAL AND PAPER SUPPLY COMPANY
- **Address:** 6990 MURTHUM AVE, WARREN, MI, 48092-1243
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $32K
- **Mortgage interest:** $4K
- **Utilities:** $5K
- **Jobs reported:** 20
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*