# PPP loan: STEEL TOOL & ENGINEERING COMPANY
> **$1.61M** approved 02/04/2021 · Paid in Full · Loan `3375328406`
## Borrower
- **Name:** STEEL TOOL & ENGINEERING COMPANY
- **Address:** 28005 Fort St, Brownstown Twp, MI, 48183-4909
- **NAICS:** 336412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 162
## 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*