# PPP loan: WALCO TOOL & ENGINEERING CORPORATION
> **$1.08M** approved 04/13/2020 · Paid in Full · Loan `5371597107`
## Borrower
- **Name:** WALCO TOOL & ENGINEERING CORPORATION
- **Address:** 18954 W Airport Rd, ROMEOVILLE, IL, 60446-3531
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 86
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*