# PPP loan: TOR ENGINEERING CORPORATION
> **$690K** approved 05/01/2020 · Paid in Full · Loan `8765807301`
## Borrower
- **Name:** TOR ENGINEERING CORPORATION
- **Address:** 3731 E Grove Street, PHOENIX, AZ, 85040
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $690K
- **Initial approval:** $690K
- **Forgiven:** $698K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $653K
- **Utilities:** $3K
- **Health care:** $34K
- **Jobs reported:** 39
## 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*