# PPP loan: TMI CORPORATION
> **$3.02M** approved 04/03/2020 · Paid in Full · Loan `4390777005`
## Borrower
- **Name:** TMI CORPORATION
- **Address:** 50 S  3RD AVE W, DICKINSON, ND, 58601-5579
- **NAICS:** 337212
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.02M
- **Initial approval:** $3.02M
- **Forgiven:** $3.06M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.65M
- **Rent:** $302K
- **Utilities:** $70K
- **Jobs reported:** 231
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*