# PPP loan: KA-WOOD GEAR AND MACHINE CO.
> **$587K** approved 04/28/2020 · Paid in Full · Loan `9779767210`
## Borrower
- **Name:** KA-WOOD GEAR AND MACHINE CO.
- **Address:** 32500 Industrial Dr, Madison Heights, MI, 48071-5003
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $591K (101%)
- **Forgiveness date:** 01/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $469K
- **Mortgage interest:** $117K
- **Jobs reported:** 33
## 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*