# PPP loan: TECSPLUS CORPORATION
> **$165K** approved 01/25/2021 · Charged Off · Loan `5331618309`
## Borrower
- **Name:** TECSPLUS CORPORATION
- **Address:** 260 Chapman Rd, Newark, DE, 19702-5490
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $49K (29%)
- **Forgiveness date:** 09/08/2022
- **Status:** Charged Off
- **Term:** 89 months
## Use of funds
- **Payroll:** $165K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*