# PPP loan: CAV TOOL CO
> **$194K** approved 05/01/2020 · Paid in Full · Loan `7709357701`
## Borrower
- **Name:** CAV TOOL CO
- **Address:** 22605 HESLIP DR, NOVI, MI, 48375-4142
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 15
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*