# PPP loan: THE REPUBLIC OF TEA INC
> **$1.85M** approved 04/10/2020 · Paid in Full · Loan `1176727105`
## Borrower
- **Name:** THE REPUBLIC OF TEA INC
- **Address:** 11051 MOCKINGBIRD RD, NASHVILLE, IL, 62263-3436
- **NAICS:** 424410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Rent:** $269K
- **Utilities:** $100K
- **Jobs reported:** 147
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*