# PPP loan: VERSATOOL & DIE MACHINING & ENGINEERING INC
> **$299K** approved 04/13/2020 · Paid in Full · Loan `5100687108`
## Borrower
- **Name:** VERSATOOL & DIE MACHINING & ENGINEERING INC
- **Address:** 280 CRANSTON RD, BELOIT, WI, 53511-3994
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $17K
- **Utilities:** $12K
- **Jobs reported:** 24
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*