# PPP loan: STERLING SOFTWARE INC
> **$395K** approved 04/16/2020 · Paid in Full · Loan `2752837205`
## Borrower
- **Name:** STERLING SOFTWARE INC
- **Address:** 525 E BIG BEAVER SUITE 204, TROY, MI, 48083
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $399K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Rent:** $9K
- **Utilities:** $800
- **Health care:** $35K
- **Jobs reported:** 21
## 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*