# PPP loan: COMET TOOL COMPANY INC
> **$358K** approved 03/05/2021 · Paid in Full · Loan `7000858501`
## Borrower
- **Name:** COMET TOOL COMPANY INC
- **Address:** 651 Lambs Rd, Pitman, NJ, 08071-2042
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 04/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $358K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Fulton Bank National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*