# PPP loan: THOMAS ENGINEERING COMPANY
> **$697K** approved 04/06/2020 · Paid in Full · Loan `5655137002`
## Borrower
- **Name:** THOMAS ENGINEERING COMPANY
- **Address:** 7024 NORTHLAND DR North, MINNEAPOLIS, MN, 55428-1503
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $534K
- **Rent:** $120K
- **Utilities:** $30K
- **Jobs reported:** 51
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*