# PPP loan: SCHWARTZ MACHINE CO.
> **$309K** approved 01/20/2021 · Paid in Full · Loan `1875038301`
## Borrower
- **Name:** SCHWARTZ MACHINE CO.
- **Address:** 4441 E 8 Mile Rd, Warren, MI, 48091-2707
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $311K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $309K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*