# PPP loan: TOPP INDUSTRIES INCORPORATED
> **$1.02M** approved 04/08/2020 · Paid in Full · Loan `7715467009`
## Borrower
- **Name:** TOPP INDUSTRIES INCORPORATED
- **Address:** 420 state road 25 PO Box 420, ROCHESTER, IN, 46975-9700
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $816K
- **Rent:** $63K
- **Utilities:** $76K
- **Health care:** $37K
- **Debt interest:** $29K
- **Jobs reported:** 112
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*