# PPP loan: APEX TOOL WORKS, INC.
> **$619K** approved 04/11/2020 · Paid in Full · Loan `3038257107`
## Borrower
- **Name:** APEX TOOL WORKS, INC.
- **Address:** 3200 tollview drive, ROLLING MEADOWS, IL, 60008-3706
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $623K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $62K
- **Mortgage interest:** $31K
- **Utilities:** $31K
- **Jobs reported:** 41
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*