# PPP loan: U.S. INDUSTRIAL TOOL AND SUPPLY COMPANY
> **$434K** approved 04/07/2020 · Paid in Full · Loan `7414207008`
## Borrower
- **Name:** U.S. INDUSTRIAL TOOL AND SUPPLY COMPANY
- **Address:** 14083 S. NORMANDIE AVE, GARDENA, CA, 90249-2614
- **NAICS:** 336412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $437K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $434K
- **Jobs reported:** 28
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*