# PPP loan: TESMEC USA, INC.
> **$1.41M** approved 04/30/2020 · Paid in Full · Loan `4798567310`
## Borrower
- **Name:** TESMEC USA, INC.
- **Address:** 12520 E FM 917, ALVARADO, TX, 76009-6160
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Mortgage interest:** $282K
- **Jobs reported:** 93
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*