# PPP loan: STANDARD MACHINE CO. INC.
> **$485K** approved 01/20/2021 · Paid in Full · Loan `2046078310`
## Borrower
- **Name:** STANDARD MACHINE CO. INC.
- **Address:** 301 N Progress Dr, Saukville, WI, 53080-1605
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $489K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $485K
- **Jobs reported:** 42
## Lender
- **Originating:** WaterStone Bank, SSB
- **Servicing:** WaterStone Bank, SSB (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*