# PPP loan: MASTER TOOL AND MANUFACTURING INC.
> **$568K** approved 02/20/2021 · Paid in Full · Loan `2177578503`
## Borrower
- **Name:** MASTER TOOL AND MANUFACTURING INC.
- **Address:** 1450 Progress Dr, Hiawatha, IA, 52233-2206
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $567K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*