# PPP loan: U.P. MACHINE AND ENGINEERING CO.
> **$302K** approved 04/03/2020 · Paid in Full · Loan `4459687001`
## Borrower
- **Name:** U.P. MACHINE AND ENGINEERING CO.
- **Address:** 15930 Main Street, POWERS, MI, 49874-9610
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $303K (100%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Rent:** $25K
- **Mortgage interest:** $15K
- **Debt interest:** $20K
- **Jobs reported:** 25
## Lender
- **Originating:** First National Bank & Trust Co
- **Servicing:** First National Bank & Trust Co (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*