# PPP loan: COMPONENT TOOL AND MFG.CO.,INC
> **$271K** approved 04/07/2020 · Paid in Full · Loan `7170247001`
## Borrower
- **Name:** COMPONENT TOOL AND MFG.CO.,INC
- **Address:** 1336 LINCOLN ST, CRETE, IL, 60417-2045
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Mortgage interest:** $34K
- **Health care:** $34K
- **Jobs reported:** 20
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*