# PPP loan: TLC ELECTRONICS INC
> **$535K** approved 04/13/2020 · Paid in Full · Loan `5546837110`
## Borrower
- **Name:** TLC ELECTRONICS INC
- **Address:** 18 long lake rd, SAINT PAUL, MN, 55115-6824
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $535K
- **Initial approval:** $535K
- **Forgiven:** $539K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Jobs reported:** 59
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*