# PPP loan: TOUCAN INC
> **$1.02M** approved 04/14/2020 · Exemption 4 · Loan `6692017103`
## Borrower
- **Name:** TOUCAN INC
- **Address:** 3830 W Morris Street,, Indianapolis, IN, 46241-2612
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $711K (70%)
- **Forgiveness date:** 02/08/2022
- **Status:** Exemption 4
- **Term:** 30 months
## Use of funds
- **Payroll:** $1.02M
- **Jobs reported:** 159
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*