# PPP loan: TEL X, INC
> **$528K** approved 04/28/2020 · Paid in Full · Loan `9354257204`
## Borrower
- **Name:** TEL X, INC
- **Address:** 32400 FORD RD, GARDEN CITY, MI, 48135
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $528K
- **Initial approval:** $528K
- **Forgiven:** $532K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $394K
- **Rent:** $35K
- **Utilities:** $27K
- **Health care:** $64K
- **Debt interest:** $8K
- **Jobs reported:** 32
## 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*