# PPP loan: CHAIN INDUSTRIES INC.
> **$361K** approved 04/12/2020 · Paid in Full · Loan `4146377110`
## Borrower
- **Name:** CHAIN INDUSTRIES INC.
- **Address:** 51035 GRAND RIVER AVE, WIXOM, MI, 48393-3329
- **NAICS:** 551112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Mortgage interest:** $72K
- **Jobs reported:** 24
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*