# PPP loan: TRUFORM TOOL AND EQUIPMENT INC.
> **$221K** approved 02/24/2021 · Paid in Full · Loan `3466768502`
## Borrower
- **Name:** TRUFORM TOOL AND EQUIPMENT INC.
- **Address:** 14744 S McKinley Ave, Posen, IL, 60469-1523
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $221K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*