# PPP loan: ADDON TECHNOLOGIES, INC.
> **$1.11M** approved 04/15/2020 · Paid in Full · Loan `9450557102`
## Borrower
- **Name:** ADDON TECHNOLOGIES, INC.
- **Address:** 24110 Meadowbrook Road, Suite 100, Novi, MI, 48375-3408
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Jobs reported:** 55
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*