# PPP loan: GRAY BROTHERS STAMPING & MACHINE, INC
> **$207K** approved 04/10/2020 · Paid in Full · Loan `1320517107`
## Borrower
- **Name:** GRAY BROTHERS STAMPING & MACHINE, INC
- **Address:** 424 W CHICAGO RD, WHITE PIGEON, MI, 49099-9111
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Utilities:** $12K
- **Health care:** $5K
- **Debt interest:** $4K
- **Jobs reported:** 26
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*