# PPP loan: CONTROLLER TECHNOLOGIES CORP.
> **$389K** approved 05/01/2020 · Paid in Full · Loan `1429747709`
## Borrower
- **Name:** CONTROLLER TECHNOLOGIES CORP.
- **Address:** 750 LETICA DR, ROCHESTER, MI, 48307
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Rent:** $30K
- **Utilities:** $6K
- **Health care:** $42K
- **Jobs reported:** 410
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*