# PPP loan: RASSEY INDUSTRIES, INC.
> **$237K** approved 04/28/2020 · Paid in Full · Loan `8398777204`
## Borrower
- **Name:** RASSEY INDUSTRIES, INC.
- **Address:** 50375 Central Industrial Dr, Shelby Township, MI, 48315-3114
- **NAICS:** 336390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Mortgage interest:** $47K
- **Jobs reported:** 21
## 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*