# PPP loan: ARMIN TOOL AND MANUFACTURING COMPANY
> **$676K** approved 03/23/2021 · Paid in Full · Loan `6870508609`
## Borrower
- **Name:** ARMIN TOOL AND MANUFACTURING COMPANY
- **Address:** 1500 N La Fox St, South Elgin, IL, 60177-1240
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $676K
- **Initial approval:** $676K
- **Forgiven:** $684K (101%)
- **Forgiveness date:** 07/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $676K
- **Jobs reported:** 36
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*