# PPP loan: TEC GROUP, INC.
> **$3.86M** approved 04/29/2020 · Paid in Full · Loan `2424467300`
## Borrower
- **Name:** TEC GROUP, INC.
- **Address:** 850 STEPHENSON HWY, SUITE 600, TROY, MI, 48083
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.86M
- **Initial approval:** $3.86M
- **Forgiven:** $3.90M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.86M
- **Jobs reported:** 329
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*