# PPP loan: BANKS OF THE NILE INC.
> **$340K** approved 04/01/2021 · Paid in Full · Loan `4203978705`
## Borrower
- **Name:** BANKS OF THE NILE INC.
- **Address:** 54420 Pontiac Trl, Milford, MI, 48381-4344
- **NAICS:** 336390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 02/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*