# PPP loan: MIDWEST GEAR & TOOL, INC.
> **$374K** approved 04/27/2020 · Paid in Full · Loan `5320807207`
## Borrower
- **Name:** MIDWEST GEAR & TOOL, INC.
- **Address:** 15700 Common Road, Roseville, MI, 48066-1893
- **NAICS:** 333612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Mortgage interest:** $75K
- **Jobs reported:** 48
## 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*