# PPP loan: DYNAMIC TOOL COMPANY INC
> **$571K** approved 02/06/2021 · Paid in Full · Loan `4467928400`
## Borrower
- **Name:** DYNAMIC TOOL COMPANY INC
- **Address:** 1421 Vanderbilt Dr, El Paso, TX, 79935-4808
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $573K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $571K
- **Utilities:** $1
- **Jobs reported:** 78
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*