# PPP loan: AROBOTECH SYSTEMS, INC.
> **$452K** approved 04/28/2020 · Paid in Full · Loan `8822057200`
## Borrower
- **Name:** AROBOTECH SYSTEMS, INC.
- **Address:** 1524 east Avis Dr, Madison Heights, MI, 48071-1589
- **NAICS:** 333515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $458K (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Mortgage interest:** $90K
- **Jobs reported:** 26
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*