# PPP loan: HOBSON TOOL AND MACHINE CO.
> **$157K** approved 03/20/2021 · Paid in Full · Loan `4815098604`
## Borrower
- **Name:** HOBSON TOOL AND MACHINE CO.
- **Address:** 3061 N Morton St, Franklin, IN, 46131-9662
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (100%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 18
## Lender
- **Originating:** Jackson County Bank
- **Servicing:** Jackson County Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*