# PPP loan: PEERLESS METAL POWDERS AND ABRASIVE, LLC
> **$340K** approved 01/30/2021 · Paid in Full · Loan `8724748307`
## Borrower
- **Name:** PEERLESS METAL POWDERS AND ABRASIVE, LLC
- **Address:** 18900 Rialto St, Melvindale, MI, 48122-1951
- **NAICS:** 327910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $339K
- **Utilities:** $1
- **Jobs reported:** 27
## 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*