# PPP loan: DAVIS MACHINE & TOOL INC
> **$168K** approved 04/27/2020 · Paid in Full · Loan `4480927202`
## Borrower
- **Name:** DAVIS MACHINE & TOOL INC
- **Address:** 2241 Bullocks Ferry Rd, Talladega, AL, 35160
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Jobs reported:** 17
## Lender
- **Originating:** First Bank of Alabama
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*