# PPP loan: TRUCENT, INC.
> **$1.96M** approved 04/09/2020 · Paid in Full · Loan `8974847004`
## Borrower
- **Name:** TRUCENT, INC.
- **Address:** 7400 Newman Blvd. 0.0, Dexter, MI, 48130-1557
- **NAICS:** 333999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.99M (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $64K
- **Utilities:** $22K
- **Health care:** $164K
- **Debt interest:** $60K
- **Jobs reported:** 121
## 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*