# PPP loan: FORMIT, INC.
> **$508K** approved 04/10/2020 · Paid in Full · Loan `1907217110`
## Borrower
- **Name:** FORMIT, INC.
- **Address:** 3747 NE Sandy Blvd, PORTLAND, OR, 97232-1840
- **NAICS:** 541921
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $508K
- **Initial approval:** $508K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $508K
- **Jobs reported:** 32
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*