# PPP loan: TUCS EQUIPMENT INC.
> **$426K** approved 05/18/2021 · Paid in Full · Loan `2897899009`
## Borrower
- **Name:** TUCS EQUIPMENT INC.
- **Address:** 755 S Old Highway 18, Princeton, MN, 55371-2132
- **NAICS:** 333241
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $426K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Falcon National Bank
- **Servicing:** Falcon National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*