# PPP loan: ABCOTT INSTITUTE
> **$165K** approved 01/29/2021 · Paid in Full · Loan `8645448302`
## Borrower
- **Name:** ABCOTT INSTITUTE
- **Address:** 16250 Northland Dr Ste 205, Southfield, MI, 48075-5227
- **NAICS:** 611710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Credit Union One
- **Servicing:** Credit Union One (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*