# PPP loan: TROPICAL TAN NW INC
> **$2.23M** approved 05/01/2020 · Charged Off · Loan `5490547705`
## Borrower
- **Name:** TROPICAL TAN NW INC
- **Address:** 3815 196TH ST SW STE 118, LYNNWOOD, WA, 98036-5749
- **NAICS:** 812199
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.23M
- **Initial approval:** $2.23M
- **Forgiven:** $235K (11%)
- **Forgiveness date:** 10/11/2022
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $2.23M
- **Jobs reported:** 43
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*