# PPP loan: MICHAEL'S MACHINE COMPANY INC.
> **$175K** approved 02/02/2021 · Paid in Full · Loan `1933798403`
## Borrower
- **Name:** MICHAEL'S MACHINE COMPANY INC.
- **Address:** 4442 Douglas Ave, Racine, WI, 53402-2972
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Ergo Bank
- **Servicing:** Ergo Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*