# PPP loan: R AND A TOOL AND ENGINEERING COMPANY
> **$241K** approved 04/29/2020 · Paid in Full · Loan `2727797302`
## Borrower
- **Name:** R AND A TOOL AND ENGINEERING COMPANY
- **Address:** 39127 Ford Rd., Westland, MI, 48185-1963
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Mortgage interest:** $48K
- **Jobs reported:** 16
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*