# PPP loan: PRAET TOOL & ENGINEERING, INC. & PRAET MANAGEMENT GROUP, INC
> **$316K** approved 04/10/2020 · Paid in Full · Loan `1288187103`
## Borrower
- **Name:** PRAET TOOL & ENGINEERING, INC. & PRAET MANAGEMENT GROUP, INC
- **Address:** 51214 Industrial Dr, MACOMB, MI, 48042-4025
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Rent:** $23K
- **Utilities:** $9K
- **Health care:** $28K
- **Debt interest:** $4K
- **Jobs reported:** 23
## 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*