# PPP loan: TECLA COMPANY INC
> **$157K** approved 03/12/2021 · Paid in Full · Loan `9410478507`
## Borrower
- **Name:** TECLA COMPANY INC
- **Address:** 1250 Ladd Rd, Commerce Township, MI, 48390-3067
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 24
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*