# PPP loan: XLT ENGINEERING INC.
> **$218K** approved 01/28/2021 · Paid in Full · Loan `7606658309`
## Borrower
- **Name:** XLT ENGINEERING INC.
- **Address:** 2595 S Huron Rd, Kawkawlin, MI, 48631-9170
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $218K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Thumb Bank & Trust
- **Servicing:** Thumb Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*