# PPP loan: TCS MOTORS, INC
> **$617K** approved 04/08/2020 · Paid in Full · Loan `7982527008`
## Borrower
- **Name:** TCS MOTORS, INC
- **Address:** 75 East PUTNAM AVE, COS COB, CT, 06807-2604
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $620K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $33K
- **Mortgage interest:** $8K
- **Jobs reported:** 45
## Lender
- **Originating:** The First Bank of Greenwich
- **Servicing:** The First Bank of Greenwich (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*