# PPP loan: SKS MACHINE, INC.
> **$380K** approved 04/04/2020 · Exemption 4 · Loan `4633237002`
## Borrower
- **Name:** SKS MACHINE, INC.
- **Address:** 2610 INDUSTRIAL ST, WISCONSIN RAPIDS, WI, 54495-3231
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $172K (45%)
- **Forgiveness date:** 07/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $304K
- **Rent:** $38K
- **Utilities:** $38K
- **Jobs reported:** 34
## Lender
- **Originating:** Prevail Bank
- **Servicing:** Prevail Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*