# PPP loan: THE TES GROUP, INC.
> **$290K** approved 04/08/2020 · Paid in Full · Loan `7708217006`
## Borrower
- **Name:** THE TES GROUP, INC.
- **Address:** 3158 Lear Drive, BURLINGTON, NC, 27215-8817
- **NAICS:** 532310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Rent:** $44K
- **Utilities:** $2K
- **Jobs reported:** 35
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*