# PPP loan: POWER TOOLS & SUPPLY INC
> **$298K** approved 04/16/2020 · Paid in Full · Loan `2441497202`
## Borrower
- **Name:** POWER TOOLS & SUPPLY INC
- **Address:** 8551 BOULDER CT, WALLED LAKE, MI, 48390-4138
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 19
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*