# PPP loan: TOOL MASTERS INC.
> **$175K** approved 05/12/2021 · Paid in Full · Loan `1006639004`
## Borrower
- **Name:** TOOL MASTERS INC.
- **Address:** 2305 Missouri St, Tuscumbia, AL, 35674-4733
- **NAICS:** 332111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 09/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** The Samson Banking Company
- **Servicing:** The Samson Banking Company (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*