# PPP loan: CRAIN COMMUNICATIONS INC.
> **$10.00M** approved 04/09/2020 · Paid in Full · Loan `9909637009`
## Borrower
- **Name:** CRAIN COMMUNICATIONS INC.
- **Address:** 1155 Gratiot Avenue 0.0, Detroit, MI, 48207-2732
- **NAICS:** 511120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.14M (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $9.00M
- **Rent:** $400K
- **Mortgage interest:** $100K
- **Health care:** $500K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*