# PPP loan: TOLEDO TRANSDUCERS, INC.
> **$560K** approved 04/13/2020 · Paid in Full · Loan `5117947110`
## Borrower
- **Name:** TOLEDO TRANSDUCERS, INC.
- **Address:** 6834 SPRING VALLEY DR, HOLLAND, OH, 43528-7863
- **NAICS:** 335314
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $564K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $476K
- **Rent:** $42K
- **Mortgage interest:** $14K
- **Utilities:** $28K
- **Jobs reported:** 44
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*