# PPP loan: THE CHALLENGE MACHINERY COMPANY
> **$350K** approved 01/29/2021 · Exemption 4 · Loan `8708528300`
## Borrower
- **Name:** THE CHALLENGE MACHINERY COMPANY
- **Address:** 6125 Norton Center Dr, Norton Shores, MI, 49441-6081
- **NAICS:** 333244
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $292K (83%)
- **Forgiveness date:** 09/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 29
## 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*