# PPP loan: TROPICAL PRODUCTS, INC.
> **$226K** approved 04/13/2020 · Paid in Full · Loan `5104817107`
## Borrower
- **Name:** TROPICAL PRODUCTS, INC.
- **Address:** 220 HIGHLAND AVE, SALEM, MA, 01970-1842
- **NAICS:** 325620
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 11
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*