# PPP loan: TOLEDO ELEVATOR AND MACHINE CO.
> **$528K** approved 04/11/2020 · Paid in Full · Loan `2901007110`
## Borrower
- **Name:** TOLEDO ELEVATOR AND MACHINE CO.
- **Address:** 1402 JACKSON ST, TOLEDO, OH, 43604-5212
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $528K
- **Initial approval:** $528K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Utilities:** $3K
- **Health care:** $129K
- **Jobs reported:** 18
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*