# PPP loan: BELOIT SPECIAL MACHINING CO., INC.
> **$470K** approved 04/15/2020 · Paid in Full · Loan `1357147205`
## Borrower
- **Name:** BELOIT SPECIAL MACHINING CO., INC.
- **Address:** 1504 SIXTH STREET, BELOIT, WI, 53511-4259
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $473K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Debt interest:** $23K
- **Jobs reported:** 29
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*