# PPP loan: MICRONET IT SOLUTIONS, INC
> **$3.12M** approved 05/01/2020 · Paid in Full · Loan `2176447708`
## Borrower
- **Name:** MICRONET IT SOLUTIONS, INC
- **Address:** 8415 Crossland Loop, Montgomery, AL, 36117
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.12M
- **Initial approval:** $3.12M
- **Forgiven:** $3.15M (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.08M
- **Rent:** $11K
- **Utilities:** $1K
- **Health care:** $24K
- **Jobs reported:** 181
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*