# PPP loan: ASHING MACHINE & TOOL CO.
> **$151K** approved 01/23/2021 · Paid in Full · Loan `4212988307`
## Borrower
- **Name:** ASHING MACHINE & TOOL CO.
- **Address:** 725 Penrose St, Grinnell, IA, 50112-2218
- **NAICS:** 333992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $151K
- **Jobs reported:** 10
## Lender
- **Originating:** Grinnell State Bank
- **Servicing:** Grinnell State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*