# PPP loan: ANCOR INFORMATION MANAGEMENT, LLC.
> **$700K** approved 04/27/2020 · Paid in Full · Loan `5797637201`
## Borrower
- **Name:** ANCOR INFORMATION MANAGEMENT, LLC.
- **Address:** 1911 Woodslee, Troy, MI, 48083-2236
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Mortgage interest:** $140K
- **Jobs reported:** 44
## 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*