# PPP loan: TAMPCO INC
> **$322K** approved 04/10/2020 · Paid in Full · Loan `1949077103`
## Borrower
- **Name:** TAMPCO INC
- **Address:** 316 STAINLESS WAY, ELKIN, NC, 28621-3126
- **NAICS:** 332311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $257K
- **Mortgage interest:** $32K
- **Utilities:** $32K
- **Jobs reported:** 51
## Lender
- **Originating:** LifeStore Bank
- **Servicing:** LifeStore Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*