# PPP loan: EXOTIC RUBBER & PLASTICS CORP.
> **$2.99M** approved 04/11/2020 · Paid in Full · Loan `2964997100`
## Borrower
- **Name:** EXOTIC RUBBER & PLASTICS CORP.
- **Address:** 53500 GRAND RIVER AVE, NEW HUDSON, MI, 48165-8522
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.99M
- **Initial approval:** $2.99M
- **Forgiven:** $3.01M (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.39M
- **Mortgage interest:** $598K
- **Jobs reported:** 186
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*