# PPP loan: NIXON TOOL COMPANY INC.
> **$323K** approved 02/10/2021 · Paid in Full · Loan `6436388400`
## Borrower
- **Name:** NIXON TOOL COMPANY INC.
- **Address:** 301 N 3rd St, Richmond, IN, 47374-3005
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $323K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** First Bank Richmond
- **Servicing:** First Bank Richmond (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*