# PPP loan: FORI AUTOMATION, INC.
> **$5.56M** approved 04/29/2020 · Paid in Full · Loan `2656767306`
## Borrower
- **Name:** FORI AUTOMATION, INC.
- **Address:** 13231 23 Mile Road, Shelby Township, MI, 48315-2713
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.56M
- **Initial approval:** $5.56M
- **Forgiven:** $5.62M (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.45M
- **Mortgage interest:** $1.11M
- **Jobs reported:** 270
## 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*