# PPP loan: WESTWOOD MACHINE & TOOL
> **$163K** approved 02/03/2021 · Paid in Full · Loan `2338058404`
## Borrower
- **Name:** WESTWOOD MACHINE & TOOL
- **Address:** 1703 Westwood Dr, Sterling, IL, 61081-9296
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $163K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*