# PPP loan: PROGRESSIVE MACHINE TOOLS
> **$151K** approved 04/11/2020 · Paid in Full · Loan `2650917106`
## Borrower
- **Name:** PROGRESSIVE MACHINE TOOLS
- **Address:** 4240 S 74TH EAST AVE, TULSA, OK, 74145-4709
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $7K
- **Utilities:** $1K
- **Health care:** $5K
- **Debt interest:** $24K
- **Jobs reported:** 14
## Lender
- **Originating:** BancFirst
- **Servicing:** BancFirst (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*