# PPP loan: TECNICO CORPORATION
> **$10.00M** approved 04/10/2020 · Paid in Full · Loan `2392497107`
## Borrower
- **Name:** TECNICO CORPORATION
- **Address:** 831 INDUSTRIAL AVE, CHESAPEAKE, VA, 23324-2614
- **NAICS:** 336611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.14M (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $10.00M
- **Jobs reported:** 500
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*