# PPP loan: PENN TOOL CO INC
> **$194K** approved 04/30/2020 · Paid in Full · Loan `5377917304`
## Borrower
- **Name:** PENN TOOL CO INC
- **Address:** 1776 SPRINGFIELD AVE, MAPLEWOOD, NJ, 07040
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 15
## Lender
- **Originating:** WebBank
- **Servicing:** WebBank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*