# PPP loan: PAUL'S TOOLS, INC.
> **$389K** approved 04/06/2020 · Paid in Full · Loan `5705497004`
## Borrower
- **Name:** PAUL'S TOOLS, INC.
- **Address:** 5614 E. Powhattan Avenue, TAMPA, FL, 33610-2003
- **NAICS:** 454390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Rent:** $23K
- **Utilities:** $6K
- **Health care:** $13K
- **Jobs reported:** 38
## Lender
- **Originating:** Century Bank of Florida
- **Servicing:** Century Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*