# PPP loan: J TOOL INC
> **$252K** approved 03/06/2021 · Paid in Full · Loan `7550438509`
## Borrower
- **Name:** J TOOL INC
- **Address:** 23 Fruite St, Belmont, NH, 03220-3501
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $253K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Franklin Savings Bank
- **Servicing:** Franklin Savings Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*