# PPP loan: CLARKS PRECISION MACHINE & TOOL INC
> **$397K** approved 04/29/2020 · Paid in Full · Loan `3830577309`
## Borrower
- **Name:** CLARKS PRECISION MACHINE & TOOL INC
- **Address:** 636 PROFIT ST, AZLE, TX, 76020
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 34
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*