# PPP loan: 123.NET, INC.
> **$2.39M** approved 04/10/2020 · Paid in Full · Loan `2592797108`
## Borrower
- **Name:** 123.NET, INC.
- **Address:** 24700 Northwestner Highway, Suite 700, Southfield, MI, 48075
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.39M
- **Initial approval:** $2.39M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.39M
- **Jobs reported:** 160
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*