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Kenwal Steel Corp

$5,519,500 PPP Loan in Dearborn, Michigan

Loan Details

Loan Number
8052817108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$5,519,500
Current Approval
$5,519,500
Forgiveness Amount
$5,587,574
Forgiveness Date
Jul 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kenwal Steel Corp
Address
8223 Warren Ave
City
Dearborn
State
Michigan
ZIP Code
48126-1615
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423510)
Business Age
Existing or more than 2 years old
Jobs Reported
296
Estimated Revenue
$90.7M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$4,415,653
Mortgage Interest
$1,103,847

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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