# PPP loan: AMERICAN INDUSTRIAL MACHINERY INC
> **$167K** approved 04/03/2020 · Paid in Full · Loan `4591597006`
## Borrower
- **Name:** AMERICAN INDUSTRIAL MACHINERY INC
- **Address:** 4015 W 83rd Place, MERRILLVILLE, IN, 46410-6054
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 11/13/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $14K
- **Utilities:** $2K
- **Jobs reported:** 12
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*