# PPP loan: LORIK TOOL, INC.
> **$342K** approved 04/13/2020 · Paid in Full · Loan `4408317104`
## Borrower
- **Name:** LORIK TOOL, INC.
- **Address:** 2003 Liberty Ave, LAWRENCEBURG, TN, 38464-4604
- **NAICS:** 333519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 22
## Lender
- **Originating:** First Farmers and Merchants Bank
- **Servicing:** First Farmers and Merchants Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*