# PPP loan: TOLAN MACHINERY CO
> **$198K** approved 06/30/2020 · Paid in Full · Loan `6509518001`
## Borrower
- **Name:** TOLAN MACHINERY CO
- **Address:** 164 Franklin Ave, Rockaway, NJ, 07866-3408
- **NAICS:** 333241
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 18
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*