# PPP loan: RARE TOOL, INC.
> **$225K** approved 04/10/2020 · Paid in Full · Loan `2380077102`
## Borrower
- **Name:** RARE TOOL, INC.
- **Address:** 300 E. Russell Road, TECUMSEH, MI, 49286-2058
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Mortgage interest:** $34K
- **Utilities:** $11K
- **Jobs reported:** 19
## Lender
- **Originating:** County National Bank
- **Servicing:** County National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*