# PPP loan: MIDWEST BRAKE BOND CO.
> **$500K** approved 05/01/2020 · Paid in Full · Loan `1851037703`
## Borrower
- **Name:** MIDWEST BRAKE BOND CO.
- **Address:** 26255 GROESBECK HWY, WARREN, MI, 48089
- **NAICS:** 336340
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Mortgage interest:** $2K
- **Utilities:** $26K
- **Health care:** $72K
- **Jobs reported:** 29
## 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*