# PPP loan: STEC USA, INC.
> **$255K** approved 06/25/2020 · Paid in Full · Loan `4007158001`
## Borrower
- **Name:** STEC USA, INC.
- **Address:** 31900 Sherman Ave, Madison Heights, MI, 48071-5605
- **NAICS:** 336320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Mortgage interest:** $51K
- **Jobs reported:** 24
## 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*