# PPP loan: CLINE TOOL AND SERVICE COMPANY INC
> **$1.28M** approved 04/27/2020 · Paid in Full · Loan `3786787206`
## Borrower
- **Name:** CLINE TOOL AND SERVICE COMPANY INC
- **Address:** 1415 E 19th St N, NEWTON, IA, 50208
- **NAICS:** 423830
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Jobs reported:** 105
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*