# PPP loan: SAVAGE MACHINING INC
> **$275K** approved 04/11/2020 · Paid in Full · Loan `2654657108`
## Borrower
- **Name:** SAVAGE MACHINING INC
- **Address:** 2235 1ST ST STE 116, SIMI VALLEY, CA, 93065
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Rent:** $18K
- **Utilities:** $8K
- **Health care:** $10K
- **Debt interest:** $2K
- **Jobs reported:** 19
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*