# PPP loan: ABCOTT INSTITUTE, INC.
> **$165K** approved 04/28/2020 · Paid in Full · Loan `8636717204`
## Borrower
- **Name:** ABCOTT INSTITUTE, INC.
- **Address:** 16250 NORTHLAND DR, SOUTHFIELD, MI, 48075-5227
- **NAICS:** 611519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $32K
- **Utilities:** $3K
- **Jobs reported:** 25
## Lender
- **Originating:** Credit Union One
- **Servicing:** Credit Union One (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*