# PPP loan: CHANCE TOOL, LTD.
> **$354K** approved 04/15/2020 · Paid in Full · Loan `9451377109`
## Borrower
- **Name:** CHANCE TOOL, LTD.
- **Address:** 1277 S Highway 18, KERMIT, TX, 79745-0001
- **NAICS:** 484122
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $354K
- **Initial approval:** $354K
- **Forgiven:** $357K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Rent:** $35K
- **Utilities:** $35K
- **Jobs reported:** 27
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*