# PPP loan: GAGE RITE PRODUCTS INC
> **$196K** approved 07/24/2020 · Paid in Full · Loan `8105468100`
## Borrower
- **Name:** GAGE RITE PRODUCTS INC
- **Address:** 356 EXECUTIVE DR, TROY, MI, 48083-4532
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 25
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*