# PPP loan: CENTRAL TOOLS, INC.
> **$244K** approved 04/14/2020 · Paid in Full · Loan `5835417109`
## Borrower
- **Name:** CENTRAL TOOLS, INC.
- **Address:** 456 WELLINGTON AVE, CRANSTON, RI, 02910-2900
- **NAICS:** 332216
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Rent:** $7K
- **Utilities:** $7K
- **Health care:** $7K
- **Debt interest:** $7K
- **Jobs reported:** 26
## Lender
- **Originating:** Bristol County Savings Bank
- **Servicing:** Bristol County Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*