# PPP loan: BRUCE INDUSTRIAL COMPANY, INC.
> **$580K** approved 04/08/2020 · Paid in Full · Loan `8791777004`
## Borrower
- **Name:** BRUCE INDUSTRIAL COMPANY, INC.
- **Address:** 4049 NEW CASTLE AVE, NEW CASTLE, DE, 19720-1414
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Jobs reported:** 64
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*