# PPP loan: TERNION CORPORATION
> **$262K** approved 02/10/2021 · Paid in Full · Loan `6438298401`
## Borrower
- **Name:** TERNION CORPORATION
- **Address:** 2223 Drake Ave SW, Huntsville, AL, 35805-5111
- **NAICS:** 511210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $263K (100%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Redstone FCU
- **Servicing:** Redstone FCU (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*