# PPP loan: HYDRAMET AMERICAN, INC.
> **$171K** approved 04/30/2020 · Paid in Full · Loan `5099917303`
## Borrower
- **Name:** HYDRAMET AMERICAN, INC.
- **Address:** PO Box 40, ROYAL OAK, MI, 48068-0040
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Mortgage interest:** $34K
- **Jobs reported:** 16
## 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*