# PPP loan: TOOL-SMITH COMPANY INC
> **$740K** approved 01/27/2021 · Paid in Full · Loan `6471358310`
## Borrower
- **Name:** TOOL-SMITH COMPANY INC
- **Address:** 1300 4th Ave S, Birmingham, AL, 35233-1409
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $743K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $740K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*