# PPP loan: AKRIT SALES AND SERVICE INC.
> **$417K** approved 04/08/2020 · Paid in Full · Loan `7884597003`
## Borrower
- **Name:** AKRIT SALES AND SERVICE INC.
- **Address:** 17300 W. Cleveland Ave., NEW BERLIN, WI, 53146-2203
- **NAICS:** 811412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $417K
- **Initial approval:** $417K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $402K
- **Rent:** $13K
- **Utilities:** $3K
- **Jobs reported:** 35
## Lender
- **Originating:** Tri City National Bank
- **Servicing:** Tri City National Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*