Detroit Chemical and Paper Supply Company

$256,300 PPP Loan in Warren, Michigan

Loan Details

Loan Number
8263947003
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$256,300
Current Approval
$256,300
Forgiveness Amount
$258,407
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Detroit Chemical and Paper Supply Company
Address
6990 Murthum Ave
City
Warren
ZIP Code
48092-1243
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423850)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$6.1M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$215,450
Rent
$32,000
Utilities
$4,850
Mortgage Interest
$4,000

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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