# PPP loan: INTEC AUTOMATED CONTROLS, INC.
> **$973K** approved 05/01/2020 · Paid in Full · Loan `2836477702`
## Borrower
- **Name:** INTEC AUTOMATED CONTROLS, INC.
- **Address:** 44440 PHOENIX DR, STERLING HEIGHTS, MI, 48314
- **NAICS:** 335313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $973K
- **Initial approval:** $973K
- **Forgiven:** $982K (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Rent:** $44K
- **Utilities:** $7K
- **Health care:** $163K
- **Debt interest:** $9K
- **Jobs reported:** 500
## 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*