# PPP loan: KM INDUSTRIAL MACHINERY COMPANY
> **$227K** approved 04/29/2020 · Paid in Full · Loan `4316397305`
## Borrower
- **Name:** KM INDUSTRIAL MACHINERY COMPANY
- **Address:** 6035 W D AVE, KALAMAZOO, MI, 49009-9013
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $20K
- **Utilities:** $2K
- **Health care:** $22K
- **Jobs reported:** 13
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*