# PPP loan: C.B.S BORING AND MACHINE COMPANY, INC.
> **$1.85M** approved 04/29/2020 · Paid in Full · Loan `2830487301`
## Borrower
- **Name:** C.B.S BORING AND MACHINE COMPANY, INC.
- **Address:** 33750 Riviera, Fraser, MI, 48026-4806
- **NAICS:** 336310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Mortgage interest:** $370K
- **Jobs reported:** 128
## 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*