# PPP loan: TPI POWDER METALLURGY INC.
> **$539K** approved 01/25/2021 · Paid in Full · Loan `5500308301`
## Borrower
- **Name:** TPI POWDER METALLURGY INC.
- **Address:** 12030 Beaver Rd, Saint Charles, MI, 48655-9681
- **NAICS:** 332117
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $539K
- **Initial approval:** $539K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $539K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*