# PPP loan: MATTOON PRECISION MANUFACTURING, INC.
> **$2.40M** approved 04/10/2020 · Paid in Full · Loan `1447587103`
## Borrower
- **Name:** MATTOON PRECISION MANUFACTURING, INC.
- **Address:** 2408 S 14th Street, MATTOON, IL, 61938-5748
- **NAICS:** 336390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.43M (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Utilities:** $601K
- **Jobs reported:** 171
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*