# PPP loan: CARTER MACHINE COMPANY, INC.
> **$670K** approved 04/15/2020 · Paid in Full · Loan `1245347201`
## Borrower
- **Name:** CARTER MACHINE COMPANY, INC.
- **Address:** 820 EDWARD ST, GALION, OH, 44833-2223
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $670K
- **Initial approval:** $670K
- **Forgiven:** $679K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Utilities:** $134K
- **Jobs reported:** 58
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*