# PPP loan: HURON TOOL & ENGINEERING CO.
> **$680K** approved 04/15/2020 · Paid in Full · Loan `8974247110`
## Borrower
- **Name:** HURON TOOL & ENGINEERING CO.
- **Address:** 635 LIBERTY STREET, BAD AXE, MI, 48413-9532
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $487K
- **Forgiven:** $686K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $665K
- **Utilities:** $15K
- **Jobs reported:** 52
## Lender
- **Originating:** Bay Port State Bank
- **Servicing:** Bay Port State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*