# PPP loan: NAPCO INC
> **$362K** approved 04/07/2020 · Paid in Full · Loan `7548717003`
## Borrower
- **Name:** NAPCO INC
- **Address:** 30301 NORTHWESTERN HWY, FARMINGTON HILLS, MI, 48334-3214
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Jobs reported:** 21
## Lender
- **Originating:** The State Bank
- **Servicing:** The State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*