# PPP loan: OSTREM TOOL COMPANY INC
> **$1.04M** approved 04/11/2020 · Paid in Full · Loan `3186107110`
## Borrower
- **Name:** OSTREM TOOL COMPANY INC
- **Address:** 205 Inman Rd, LYMAN, SC, 29365-1409
- **NAICS:** 335129
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $804K (77%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Jobs reported:** 93
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*