# PPP loan: ELECTRO-MATIC VENTURES, INC
> **$3.29M** approved 04/13/2020 · Paid in Full · Loan `4289647105`
## Borrower
- **Name:** ELECTRO-MATIC VENTURES, INC
- **Address:** 23409 Industrial Park Ct, FARMINGTON, MI, 48335-2849
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.29M
- **Initial approval:** $3.29M
- **Forgiven:** $3.33M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.29M
- **Jobs reported:** 206
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*