# PPP loan: CANIFF ELECTRIC SUPPLY CO., INC
> **$1.13M** approved 04/09/2020 · Paid in Full · Loan `9849907004`
## Borrower
- **Name:** CANIFF ELECTRIC SUPPLY CO., INC
- **Address:** 2001 CANIFF ST, HAMTRAMCK, MI, 48212-2953
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $902K
- **Mortgage interest:** $225K
- **Jobs reported:** 85
## 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*