# PPP loan: POWER TECHNIQUES, INC
> **$161K** approved 04/28/2020 · Paid in Full · Loan `1605637308`
## Borrower
- **Name:** POWER TECHNIQUES, INC
- **Address:** 3210 Coolidge Hwy, Berkley, MI, 48072-1634
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Mortgage interest:** $32K
- **Jobs reported:** 8
## 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*