# PPP loan: TELNET WORLDWIDE INC.
> **$1.88M** approved 04/07/2020 · Paid in Full · Loan `6826817005`
## Borrower
- **Name:** TELNET WORLDWIDE INC.
- **Address:** 1175 W. LONG LAKE RD, TROY, MI, 48098-4437
- **NAICS:** 517911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.88M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Jobs reported:** 154
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*