# PPP loan: KING MACHINE AND TOOL CO
> **$254K** approved 04/30/2020 · Paid in Full · Loan `4787607303`
## Borrower
- **Name:** KING MACHINE AND TOOL CO
- **Address:** 1237 Sanders Ave SW, Massillon, OH, 44647-7684
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 22
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*