# PPP loan: DEPENDABLE GAGE & TOOL CO.
> **$164K** approved 04/28/2020 · Paid in Full · Loan `1043237303`
## Borrower
- **Name:** DEPENDABLE GAGE & TOOL CO.
- **Address:** 15321 W 11 Mile Rd, OAK PARK, MI, 48237
- **NAICS:** 332216
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Utilities:** $4K
- **Health care:** $20K
- **Jobs reported:** 8
## 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*