# PPP loan: NIXON TOOLS COMPANY INC
> **$298K** approved 04/06/2020 · Paid in Full · Loan `5811657008`
## Borrower
- **Name:** NIXON TOOLS COMPANY INC
- **Address:** 301 N Third Street, RICHMOND, IN, 47375-1505
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 27
## Lender
- **Originating:** First Bank Richmond
- **Servicing:** First Bank Richmond (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*