# PPP loan: R&E AUTOMATED SYSTEMS, LLC
> **$5.80M** approved 04/09/2020 · Paid in Full · Loan `9044717009`
## Borrower
- **Name:** R&E AUTOMATED SYSTEMS, LLC
- **Address:** 70701 POWELL RD, BRUCE TWP, MI, 48065-4918
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.80M
- **Initial approval:** $5.80M
- **Forgiven:** $5.87M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.64M
- **Mortgage interest:** $1.16M
- **Jobs reported:** 328
## 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*