# PPP loan: ARMIN TOOL AND MANUFACTURING COMPANY
> **$671K** approved 04/08/2020 · Paid in Full · Loan `7936897002`
## Borrower
- **Name:** ARMIN TOOL AND MANUFACTURING COMPANY
- **Address:** 1500 N LA FOX ST, SOUTH ELGIN, IL, 60177-1240
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $677K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $503K
- **Rent:** $101K
- **Health care:** $67K
- **Jobs reported:** 39
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*