# PPP loan: DRAMCO TOOL CO INC
> **$625K** approved 04/04/2020 · Paid in Full · Loan `4705227010`
## Borrower
- **Name:** DRAMCO TOOL CO INC
- **Address:** 502 CLAUDE RD, GRAND ISLAND, NE, 68803-4932
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $630K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $625K
- **Jobs reported:** 47
## Lender
- **Originating:** Five Points Bank
- **Servicing:** Five Points Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*