# PPP loan: MOL BELTING SYSTEMS, INC.
> **$996K** approved 04/28/2020 · Paid in Full · Loan `8327427207`
## Borrower
- **Name:** MOL BELTING SYSTEMS, INC.
- **Address:** 2532 Waldorf Court, NW, Grand Rapids, MI, 49544-1472
- **NAICS:** 326220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $996K
- **Initial approval:** $996K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $797K
- **Mortgage interest:** $199K
- **Jobs reported:** 82
## 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*