# PPP loan: CTS/UNITEL, INC
> **$401K** approved 04/15/2020 · Paid in Full · Loan `1369767200`
## Borrower
- **Name:** CTS/UNITEL, INC
- **Address:** 2065 Franklin Road, Bloomfield Hills, MI, 48302
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $458K
- **Forgiven:** $407K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Jobs reported:** 44
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*