# PPP loan: AINSWORTH ELECTRIC INC.
> **$352K** approved 01/23/2021 · Paid in Full · Loan `4390998302`
## Borrower
- **Name:** AINSWORTH ELECTRIC INC.
- **Address:** 3200 Dove Rd Ste A, Port Huron, MI, 48060-7489
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 03/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $352K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*