# PPP loan: VORTEX TOOL COMPANY, INC.
> **$557K** approved 04/27/2020 · Paid in Full · Loan `3946117204`
## Borrower
- **Name:** VORTEX TOOL COMPANY, INC.
- **Address:** 5605 E JELINEK AVE, SCHOFIELD, WI, 54476-4236
- **NAICS:** 332216
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $561K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $516K
- **Rent:** $31K
- **Utilities:** $10K
- **Jobs reported:** 40
## Lender
- **Originating:** Peoples State Bank
- **Servicing:** Peoples State Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*