# PPP loan: SOMAT ENGINEERING, INC.
> **$1.15M** approved 04/30/2020 · Paid in Full · Loan `4670017310`
## Borrower
- **Name:** SOMAT ENGINEERING, INC.
- **Address:** 3031 GRAND BLVD Suite 228, DETROIT, MI, 48202-3015
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (102%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $916K
- **Mortgage interest:** $229K
- **Jobs reported:** 82
## 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*