# PPP loan: TEAM IP INC.
> **$302K** approved 02/27/2021 · Paid in Full · Loan `5173548501`
## Borrower
- **Name:** TEAM IP INC.
- **Address:** 701 NW Federal Hwy Ste 301, Stuart, FL, 34994-1061
- **NAICS:** 541613
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 04/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $302K
- **Utilities:** $1
- **Jobs reported:** 106
## Lender
- **Originating:** First Federal Bank
- **Servicing:** First Federal Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*