# PPP loan: RESCH'S TILE INC.
> **$1.09M** approved 04/16/2020 · Paid in Full · Loan `2971687208`
## Borrower
- **Name:** RESCH'S TILE INC.
- **Address:** 369 State Rd 45, Birnamwood, WI, 54414-0000
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 40
## Lender
- **Originating:** CoVantage CU
- **Servicing:** CoVantage CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*