# PPP loan: TOMSEC INC
> **$696K** approved 04/08/2020 · Paid in Full · Loan `8834537003`
## Borrower
- **Name:** TOMSEC INC
- **Address:** 3746 SUNSET DR, SPRING PARK, MN, 55384-9630
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $696K
- **Initial approval:** $300K
- **Forgiven:** $700K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $631K
- **Rent:** $45K
- **Utilities:** $15K
- **Debt interest:** $5K
- **Jobs reported:** 85
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*