# PPP loan: DETROIT MANAGEMENT CORP
> **$348K** approved 04/09/2020 · Charged Off · Loan `9656627007`
## Borrower
- **Name:** DETROIT MANAGEMENT CORP
- **Address:** 712 FORT ST, DETROIT, MI, 48226-3113
- **NAICS:** 813410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $335K (96%)
- **Forgiveness date:** 05/13/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $348K
- **Jobs reported:** 53
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*