# PPP loan: TEAM MANUFACTURING, INC
> **$278K** approved 05/01/2020 · Paid in Full · Loan `2575507710`
## Borrower
- **Name:** TEAM MANUFACTURING, INC
- **Address:** 2241 VIA CERRITOS, PALOS VERDES ESTATES, CA, 90274
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $30K
- **Utilities:** $5K
- **Health care:** $5K
- **Debt interest:** $12K
- **Jobs reported:** 31
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*