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Froude, INC

$384,500 PPP Loan in Novi, Michigan

Loan Details

Loan Number
9635947206
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$384,500
Current Approval
$384,500
Forgiveness Amount
$388,826
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Froude, INC
Address
41123 Jo Dr
City
Novi
State
Michigan
ZIP Code
48375-1920
Business Type
Corporation
Industry (NAICS)
Manufacturing (334519)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.8M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$307,667
Mortgage Interest
$76,833

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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