# PPP loan: TERADYNE INFOTECH INC
> **$670K** approved 04/28/2020 · Paid in Full · Loan `6654577204`
## Borrower
- **Name:** TERADYNE INFOTECH INC
- **Address:** 24155 DRAKE RD, FARMINGTON HILLS, MI, 48335-3168
- **NAICS:** 561330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $670K
- **Initial approval:** $670K
- **Forgiven:** $676K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $670K
- **Jobs reported:** 45
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*