# PPP loan: ENCO SYSTEMS, INC
> **$396K** approved 04/28/2020 · Paid in Full · Loan `8475447204`
## Borrower
- **Name:** ENCO SYSTEMS, INC
- **Address:** 29444 NORTHWESTERN HWY, SOUTHFIELD, MI, 48034-1029
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 22
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*