# PPP loan: O E. PLACE TOOL CO. INC.
> **$187K** approved 04/14/2020 · Paid in Full · Loan `6373617109`
## Borrower
- **Name:** O E. PLACE TOOL CO. INC.
- **Address:** 45 WORTHINGTON RD, CRANSTON, RI, 02920-7938
- **NAICS:** 236220
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Jobs reported:** 9
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*