# PPP loan: R.W. MACHINE & TOOL INC
> **$425K** approved 02/06/2021 · Paid in Full · Loan `4208218405`
## Borrower
- **Name:** R.W. MACHINE & TOOL INC
- **Address:** 7944 State Route 44, Ravenna, OH, 44266-9781
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $425K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Portage Community Bank
- **Servicing:** Portage Community Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*