# PPP loan: FEDERAL TOOL & ENGINEERING, LLC
> **$544K** approved 04/06/2020 · Paid in Full · Loan `5865417001`
## Borrower
- **Name:** FEDERAL TOOL & ENGINEERING, LLC
- **Address:** 2150 STONEBRIDGE RD, WEST BEND, WI, 53095-5235
- **NAICS:** 425120
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $544K
- **Initial approval:** $544K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Jobs reported:** 60
## Lender
- **Originating:** Summit Credit Union
- **Servicing:** Summit CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*