# PPP loan: CHAMPION GASKET AND RUBBER, INC.
> **$278K** approved 04/28/2020 · Paid in Full · Loan `1471797303`
## Borrower
- **Name:** CHAMPION GASKET AND RUBBER, INC.
- **Address:** 3225 Haggerty Highway, Commerce Township, MI, 48390-1725
- **NAICS:** 339991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $281K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Mortgage interest:** $56K
- **Jobs reported:** 28
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*