# PPP loan: THE MACOMB GROUP, INC.
> **$8.30M** approved 04/28/2020 · Paid in Full · Loan `9799087204`
## Borrower
- **Name:** THE MACOMB GROUP, INC.
- **Address:** 6600 15 MILE RD, STERLING HEIGHTS, MI, 48312-4512
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.30M
- **Initial approval:** $8.30M
- **Forgiven:** $8.43M (102%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.64M
- **Mortgage interest:** $1.66M
- **Jobs reported:** 497
## 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*