# PPP loan: ALCONA TOOL AND MACHINE INC.
> **$229K** approved 03/17/2021 · Paid in Full · Loan `3809358609`
## Borrower
- **Name:** ALCONA TOOL AND MACHINE INC.
- **Address:** 3040 E Carbide Dr, Harrisville, MI, 48740-9610
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Huron Community Bank
- **Servicing:** Huron Community Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*