# PPP loan: INNOVATIVE TOOL LLC
> **$361K** approved 04/08/2020 · Paid in Full · Loan `8171777003`
## Borrower
- **Name:** INNOVATIVE TOOL LLC
- **Address:** 1325 CARDEN FARM DR, CLINTON, TN, 37716-4129
- **NAICS:** 332999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Mortgage interest:** $16K
- **Utilities:** $15K
- **Jobs reported:** 30
## Lender
- **Originating:** TNBANK
- **Servicing:** TNBANK (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*