# PPP loan: TOOL, INC.
> **$182K** approved 04/15/2020 · Paid in Full · Loan `2060937210`
## Borrower
- **Name:** TOOL, INC.
- **Address:** 4 BERINGER WAY, MARBLEHEAD, MA, 01945
- **NAICS:** 541490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Jobs reported:** 9
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*