# PPP loan: CINCINNATI TOOL STEEL CO.
> **$1.55M** approved 02/18/2021 · Paid in Full · Loan `1084228510`
## Borrower
- **Name:** CINCINNATI TOOL STEEL CO.
- **Address:** 5190 28th Ave, Rockford, IL, 61109-1721
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.55M
- **Jobs reported:** 155
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*