# PPP loan: INDUSTRIAL SEWING AND INNOVATION CENTER (ISAIC)
> **$268K** approved 01/22/2021 · Paid in Full · Loan `3819048309`
## Borrower
- **Name:** INDUSTRIAL SEWING AND INNOVATION CENTER (ISAIC)
- **Address:** 5800 Cass Ave Ste 43, Detroit, MI, 48202-3452
- **NAICS:** 315280
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $269K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $267K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*