# PPP loan: LIBERTY TOOL INC.
> **$371K** approved 04/16/2020 · Paid in Full · Loan `2619657200`
## Borrower
- **Name:** LIBERTY TOOL INC.
- **Address:** 44404 Phoenix Drive, Sterling Heights, MI, 48314-1467
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Jobs reported:** 23
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*