# PPP loan: IRON HORSE TOOLS
> **$3.43M** approved 04/09/2020 · Charged Off · Loan `9501487008`
## Borrower
- **Name:** IRON HORSE TOOLS
- **Address:** 311 SARATOGA BLVD, CORPUS CHRISTI, TX, 78417-3506
- **NAICS:** 213111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.43M
- **Initial approval:** $3.43M
- **Forgiven:** $1.51M (44%)
- **Forgiveness date:** 10/18/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $3.43M
- **Jobs reported:** 155
## Lender
- **Originating:** Texas Champion Bank
- **Servicing:** Texas Champion Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*