# PPP loan: PRESTOLITE ELECTRIC INCORPORATED
> **$2.94M** approved 04/28/2020 · Paid in Full · Loan `7769337207`
## Borrower
- **Name:** PRESTOLITE ELECTRIC INCORPORATED
- **Address:** 30120 Hudson Drive, NOVI, MI, 48377
- **NAICS:** 336320
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.94M
- **Initial approval:** $2.94M
- **Forgiven:** $2.98M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.94M
- **Jobs reported:** 196
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*