# PPP loan: LAWRENCE TOOL COMPANY
> **$487K** approved 04/09/2020 · Paid in Full · Loan `9994237000`
## Borrower
- **Name:** LAWRENCE TOOL COMPANY
- **Address:** 2050 W  7TH AVE, DENVER, CO, 80204-4222
- **NAICS:** 238350
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $487K
- **Initial approval:** $554K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $29K
- **Utilities:** $15K
- **Health care:** $15K
- **Jobs reported:** 33
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*