# PPP loan: TIM O'CONNELL & SONS, INC.
> **$265K** approved 04/15/2020 · Paid in Full · Loan `1351207209`
## Borrower
- **Name:** TIM O'CONNELL & SONS, INC.
- **Address:** 2 Meco Circle Boxwood Industrial Park, Wilmington, DE, 19804
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $10K
- **Utilities:** $7K
- **Health care:** $25K
- **Debt interest:** $900
- **Jobs reported:** 18
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*