# PPP loan: BEARING SERVICE, INC.
> **$733K** approved 04/29/2020 · Paid in Full · Loan `3813697308`
## Borrower
- **Name:** BEARING SERVICE, INC.
- **Address:** 12320 Globe St, LIVONIA, MI, 48150
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $733K
- **Initial approval:** $733K
- **Forgiven:** $741K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $586K
- **Rent:** $58K
- **Utilities:** $20K
- **Health care:** $70K
- **Jobs reported:** 52
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*