# PPP loan: RITE MACHINE PRODUCTS INC
> **$248K** approved 02/20/2021 · Paid in Full · Loan `2308118506`
## Borrower
- **Name:** RITE MACHINE PRODUCTS INC
- **Address:** 44795 Enterprise Dr, Clinton Twp, MI, 48038-1535
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 17
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*