# PPP loan: TOOL SPECIALTIES COMPANY, INC.
> **$353K** approved 04/05/2020 · Paid in Full · Loan `5405507003`
## Borrower
- **Name:** TOOL SPECIALTIES COMPANY, INC.
- **Address:** 128 Ford Lane, HAZELWOOD, MO, 63042-2816
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Utilities:** $71K
- **Jobs reported:** 24
## Lender
- **Originating:** St. Johns Bank and Trust Company
- **Servicing:** St. Johns Bank and Trust Company (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*