# PPP loan: PROMPTON TOOL INC
> **$797K** approved 01/20/2021 · Paid in Full · Loan `2056608307`
## Borrower
- **Name:** PROMPTON TOOL INC
- **Address:** 120 Sunrise Ave, Honesdale, PA, 18431-1034
- **NAICS:** 336411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $797K
- **Initial approval:** $797K
- **Forgiven:** $806K (101%)
- **Forgiveness date:** 03/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $797K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Wayne Bank
- **Servicing:** Wayne Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*