# PPP loan: TELLA TOOL & MFG CO.
> **$1.04M** approved 04/06/2020 · Paid in Full · Loan `6192047007`
## Borrower
- **Name:** TELLA TOOL & MFG CO.
- **Address:** 1015 N Ridge Ave, LOMBARD, IL, 60148-1258
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $868K
- **Rent:** $87K
- **Utilities:** $87K
- **Jobs reported:** 62
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*