# PPP loan: STRIKE TOOL, INC.
> **$416K** approved 04/28/2020 · Paid in Full · Loan `6896337205`
## Borrower
- **Name:** STRIKE TOOL, INC.
- **Address:** 23260 MAIN ST #3A, HAMPTON, MN, 55031-2600
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $418K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Utilities:** $100K
- **Jobs reported:** 35
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*