# PPP loan: PEERLESS MACHINE & TOOL CORPORATION
> **$896K** approved 04/03/2020 · Paid in Full · Loan `4515027008`
## Borrower
- **Name:** PEERLESS MACHINE & TOOL CORPORATION
- **Address:** 1804 West Second Street, MARION, IN, 46952-3362
- **NAICS:** 333249
- **Business type:** Trust
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $896K
- **Initial approval:** $896K
- **Forgiven:** $902K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $896K
- **Jobs reported:** 57
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*