# PPP loan: THE INDUSTRIAL TECHNOLOGY INSTITUTE
> **$937K** approved 04/30/2020 · Paid in Full · Loan `5186587309`
## Borrower
- **Name:** THE INDUSTRIAL TECHNOLOGY INSTITUTE
- **Address:** 45501 Helm Street, Plymouth, MI, 48170-6047
- **NAICS:** 541611
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $937K
- **Initial approval:** $937K
- **Forgiven:** $498K (53%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Mortgage interest:** $187K
- **Jobs reported:** 55
## 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*