# PPP loan: BRUCE INDUSTRIAL COMPANY INC.
> **$580K** approved 01/29/2021 · Paid in Full · Loan `8439388307`
## Borrower
- **Name:** BRUCE INDUSTRIAL COMPANY INC.
- **Address:** 4049 New Castle Ave, New Castle, DE, 19720-1414
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $580K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*