# PPP loan: MAX TOOL INC
> **$505K** approved 04/07/2020 · Paid in Full · Loan `6496947005`
## Borrower
- **Name:** MAX TOOL INC
- **Address:** 119 CITATION CT STE B, BIRMINGHAM, AL, 35209-6306
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 45
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*