# PPP loan: LITEX, INC.
> **$254K** approved 05/06/2020 · Paid in Full · Loan `2887067403`
## Borrower
- **Name:** LITEX, INC.
- **Address:** 2774 PRODUCT DR, ROCHESTER HILLS, MI, 48309-3809
- **NAICS:** 321911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 21
## 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*