# PPP loan: REX CARRIERS INC
> **$351K** approved 02/02/2021 · Paid in Full · Loan `1485358406`
## Borrower
- **Name:** REX CARRIERS INC
- **Address:** 28340 Wick Rd, Romulus, MI, 48174-2639
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $351K
- **Initial approval:** $351K
- **Forgiven:** $353K (101%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $351K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Mi Bank
- **Servicing:** Mi Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*