# PPP loan: ITS TECHNOLOGIES INC
> **$475K** approved 04/06/2020 · Paid in Full · Loan `6037687000`
## Borrower
- **Name:** ITS TECHNOLOGIES INC
- **Address:** 7060 SPRING MEADOWS DR West Suite D, HOLLAND, OH, 43528-8061
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $21K
- **Utilities:** $6K
- **Health care:** $23K
- **Jobs reported:** 176
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*