# PPP loan: THE HANDY TOOL & MFG. CO., INC.
> **$613K** approved 05/01/2020 · Paid in Full · Loan `1075007701`
## Borrower
- **Name:** THE HANDY TOOL & MFG. CO., INC.
- **Address:** 1205 Rockaway Avenue, Brooklyn, NY, 11236
- **NAICS:** 336413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $613K
- **Initial approval:** $613K
- **Forgiven:** $621K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Rent:** $63K
- **Utilities:** $12K
- **Health care:** $45K
- **Debt interest:** $449
- **Jobs reported:** 35
## 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*