# PPP loan: CULVER TOOL & ENGINEERING, INC.
> **$2.41M** approved 04/06/2020 · Paid in Full · Loan `6118877000`
## Borrower
- **Name:** CULVER TOOL & ENGINEERING, INC.
- **Address:** 2121 Walter Glaub Dr, PLYMOUTH, IN, 46563-3428
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.41M
- **Initial approval:** $2.41M
- **Forgiven:** $2.45M (102%)
- **Forgiveness date:** 11/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Rent:** $50K
- **Utilities:** $36K
- **Health care:** $294K
- **Debt interest:** $32K
- **Jobs reported:** 185
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*