# PPP loan: KINETIC TOOLS INC
> **$170K** approved 04/14/2021 · Paid in Full · Loan `3521758808`
## Borrower
- **Name:** KINETIC TOOLS INC
- **Address:** 2406 Millennium Dr, Elgin, IL, 60124-7827
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*