# PPP loan: RHINO TOOL COMPANY, INC.
> **$245K** approved 04/08/2020 · Paid in Full · Loan `7914787003`
## Borrower
- **Name:** RHINO TOOL COMPANY, INC.
- **Address:** 1134 West South Street, KEWANEE, IL, 61443-8357
- **NAICS:** 333120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $37K
- **Utilities:** $25K
- **Jobs reported:** 22
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*