# PPP loan: TPE INDUSTRIES INC
> **$1.57M** approved 02/19/2021 · Paid in Full · Loan `1492708500`
## Borrower
- **Name:** TPE INDUSTRIES INC
- **Address:** 3252 State Route 31, Acme, PA, 15610-2405
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.57M
- **Jobs reported:** 56
## Lender
- **Originating:** Somerset Trust Company
- **Servicing:** Somerset Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*