# PPP loan: TECTONIC TRANSPORT
> **$450K** approved 06/18/2020 · Paid in Full · Loan `8005597906`
## Borrower
- **Name:** TECTONIC TRANSPORT
- **Address:** 8052 WOODGLEN CIR, LA PALMA, CA, 90623
- **NAICS:** 492110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $410K
- **Health care:** $40K
- **Jobs reported:** 78
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*