# PPP loan: TMS USA, INC.
> **$193K** approved 04/04/2020 · Paid in Full · Loan `4698157003`
## Borrower
- **Name:** TMS USA, INC.
- **Address:** 3800 TITTABAWASSEE RD, SAGINAW, MI, 48604-9429
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $31K
- **Utilities:** $2K
- **Jobs reported:** 23
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*