# PPP loan: TC FOODS, INC.
> **$500K** approved 04/07/2020 · Paid in Full · Loan `7007837001`
## Borrower
- **Name:** TC FOODS, INC.
- **Address:** 1249 WOODMERE AVE, TRAVERSE CITY, MI, 49686-4249
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $28K
- **Utilities:** $22K
- **Health care:** $21K
- **Debt interest:** $4K
- **Jobs reported:** 60
## Lender
- **Originating:** Honor Bank
- **Servicing:** Honor Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*