# PPP loan: TC2 INC
> **$411K** approved 04/04/2020 · Paid in Full · Loan `4810507002`
## Borrower
- **Name:** TC2 INC
- **Address:** 705 Main St PO BOX 104, PELLA, IA, 50219-1620
- **NAICS:** 423130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Mortgage interest:** $62K
- **Utilities:** $21K
- **Jobs reported:** 34
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*