# PPP loan: BANKS OF THE NILE INC.
> **$340K** approved 04/05/2020 · Paid in Full · Loan `5195217000`
## Borrower
- **Name:** BANKS OF THE NILE INC.
- **Address:** 54420 Pontiac Trail, MILFORD, MI, 48381-4344
- **NAICS:** 336390
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $340K
- **Initial approval:** $346K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **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*