# PPP loan: TOOLCO INDUSTRIAL CORPORATION
> **$260K** approved 04/13/2020 · Paid in Full · Loan `5231027109`
## Borrower
- **Name:** TOOLCO INDUSTRIAL CORPORATION
- **Address:** 106 INDUSTRIAL DR, MARION, NC, 28752
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 27
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*