# PPP loan: TOOLANDER ENGINEERING INC
> **$165K** approved 05/05/2020 · Exemption 4 · Loan `2220207410`
## Borrower
- **Name:** TOOLANDER ENGINEERING INC
- **Address:** 1110 VIA CALLEJON, SAN CLEMENTE, CA, 92673-6230
- **NAICS:** 335929
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $66K (40%)
- **Forgiveness date:** 08/05/2021
- **Status:** Exemption 4
- **Term:** 120 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*