# PPP loan: LOMAR MACHINE & TOOL CO.
> **$1.99M** approved 01/19/2021 · Paid in Full · Loan `1822628308`
## Borrower
- **Name:** LOMAR MACHINE & TOOL CO.
- **Address:** 135 Main St, Horton, MI, 49246-9540
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.99M
- **Utilities:** $1
- **Jobs reported:** 108
## Lender
- **Originating:** County National Bank
- **Servicing:** County National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*