# PPP loan: PENNAS INC
> **$514K** approved 02/13/2021 · Paid in Full · Loan `8413108404`
## Borrower
- **Name:** PENNAS INC
- **Address:** 38400 Van Dyke Ave, Sterling Heights, MI, 48312-1143
- **NAICS:** 722320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $514K
- **Initial approval:** $514K
- **Forgiven:** $523K (102%)
- **Forgiveness date:** 10/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $514K
- **Jobs reported:** 27
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*