# PPP loan: O.E. PLACE TOOL CO. INC
> **$178K** approved 03/24/2021 · Paid in Full · Loan `8030138601`
## Borrower
- **Name:** O.E. PLACE TOOL CO. INC
- **Address:** 45 Worthington Rd, Cranston, RI, 02920-7938
- **NAICS:** 236220
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $178K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*