# PPP loan: TEG ENGINEERING, LLC
> **$309K** approved 04/13/2020 · Paid in Full · Loan `4392197110`
## Borrower
- **Name:** TEG ENGINEERING, LLC
- **Address:** 1505 44TH ST SW, WYOMING, MI, 49509-4313
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $311K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $700
- **Mortgage interest:** $3K
- **Utilities:** $3K
- **Health care:** $28K
- **Debt interest:** $1K
- **Jobs reported:** 20
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*