# PPP loan: TURNCO TOOL & INSTRUMENTS INC
> **$269K** approved 04/13/2020 · Paid in Full · Loan `5574337110`
## Borrower
- **Name:** TURNCO TOOL & INSTRUMENTS INC
- **Address:** 5080 E STATE HIGHWAY 29, GEORGETOWN, TX, 78626-3802
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $269K
- **Initial approval:** $211K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $269K
- **Jobs reported:** 6
## Lender
- **Originating:** VeraBank, National Association
- **Servicing:** VeraBank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*