# PPP loan: TECUMSEH PACKAGING SOLUTIONS, INC.
> **$1.08M** approved 04/13/2020 · Paid in Full · Loan `4257457102`
## Borrower
- **Name:** TECUMSEH PACKAGING SOLUTIONS, INC.
- **Address:** 707 south evans st., TECUMSEH, MI, 49286-1919
- **NAICS:** 322211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $976K
- **Rent:** $43K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Jobs reported:** 87
## 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*