# PPP loan: OAKWOOD METAL FABRICATING CO
> **$7.10M** approved 04/28/2020 · Paid in Full · Loan `9045857203`
## Borrower
- **Name:** OAKWOOD METAL FABRICATING CO
- **Address:** 1100 Oakwood Blvd., Dearborn, MI, 48124-2820
- **NAICS:** 336370
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.10M
- **Initial approval:** $7.10M
- **Forgiven:** $7.20M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.68M
- **Mortgage interest:** $1.42M
- **Jobs reported:** 500
## 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*