# PPP loan: ABSOLUTE MACHINE TOOLS INC
> **$1.19M** approved 02/19/2021 · Paid in Full · Loan `1611778503`
## Borrower
- **Name:** ABSOLUTE MACHINE TOOLS INC
- **Address:** 7420 Industrial Parkway Dr, Lorain, OH, 44053-2064
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 54
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*