# PPP loan: MAYER TOOL & ENGINEERING INC.
> **$383K** approved 01/28/2021 · Paid in Full · Loan `7243678304`
## Borrower
- **Name:** MAYER TOOL & ENGINEERING INC.
- **Address:** 1404 N Centerville Rd, Sturgis, MI, 49091-9699
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $383K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*