# PPP loan: ADC INFORMATION TECHNOLOGIES, INC
> **$224K** approved 04/08/2020 · Paid in Full · Loan `8454097000`
## Borrower
- **Name:** ADC INFORMATION TECHNOLOGIES, INC
- **Address:** 950 Michigan Ave, COLUMBUS, OH, 43215-1165
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $9K
- **Utilities:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** Heartland Bank
- **Servicing:** Heartland Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*