# PPP loan: INDUSTRIAL TOOL PRODUCTS, INC.
> **$246K** approved 04/14/2020 · Paid in Full · Loan `6713057104`
## Borrower
- **Name:** INDUSTRIAL TOOL PRODUCTS, INC.
- **Address:** 919 N Central Avenue, WOOD DALE, IL, 60191
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $246K
- **Jobs reported:** 16
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*