# PPP loan: NORTHERN MACHINE TOOL COMPANY
> **$469K** approved 04/29/2020 · Paid in Full · Loan `2697327310`
## Borrower
- **Name:** NORTHERN MACHINE TOOL COMPANY
- **Address:** 761 Alberta Ave, Muskegon, MI, 49441-3002
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $469K
- **Initial approval:** $469K
- **Forgiven:** $330K (70%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Mortgage interest:** $94K
- **Jobs reported:** 30
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*