# PPP loan: TIPCO ENGINEERING INC
> **$400K** approved 04/28/2020 · Paid in Full · Loan `6434867206`
## Borrower
- **Name:** TIPCO ENGINEERING INC
- **Address:** 425 East Redondo Beach Blvd, GARDENA, CA, 90248
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Jobs reported:** 31
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*