# PPP loan: INDUSTRIAL TOOL SHARPENING, INC.
> **$150K** approved 04/14/2020 · Paid in Full · Loan `7848517102`
## Borrower
- **Name:** INDUSTRIAL TOOL SHARPENING, INC.
- **Address:** 615 Walck Road, North Tonawanda, NY, 14120
- **NAICS:** 332216
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $5K
- **Utilities:** $3K
- **Health care:** $12K
- **Debt interest:** $1K
- **Jobs reported:** 14
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*