# PPP loan: KINETIC TOOLS INC
> **$164K** approved 04/27/2020 · Paid in Full · Loan `4676867210`
## Borrower
- **Name:** KINETIC TOOLS INC
- **Address:** 2406 MILLENNIUM DR, ELGIN, IL, 60124-7827
- **NAICS:** 333991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $6K
- **Utilities:** $925
- **Health care:** $6K
- **Jobs reported:** 11
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*