# PPP loan: TOOL NORTH INC
> **$566K** approved 04/11/2020 · Paid in Full · Loan `2983227109`
## Borrower
- **Name:** TOOL NORTH INC
- **Address:** 2475 N. AERO PARK CT, TRAVERSE CITY, MI, 49686-9262
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $569K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Jobs reported:** 44
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*