# PPP loan: PARAMOUNT TOOL COMPANY, INC.
> **$583K** approved 04/07/2020 · Paid in Full · Loan `7040927006`
## Borrower
- **Name:** PARAMOUNT TOOL COMPANY, INC.
- **Address:** 136 WEST 64TH ST, HOLLAND, MI, 49423-9302
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $583K
- **Jobs reported:** 33
## Lender
- **Originating:** Macatawa Bank
- **Servicing:** Macatawa Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*