# PPP loan: SHORT BIT & TOOL CO
> **$172K** approved 04/09/2020 · Paid in Full · Loan `9996977003`
## Borrower
- **Name:** SHORT BIT & TOOL CO
- **Address:** 225 GOLD ST, GARLAND, TX, 75042-6642
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 9
## Lender
- **Originating:** Inwood National Bank
- **Servicing:** Inwood National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*