# PPP loan: DEISTER MACHINE COMPANY INC
> **$3.51M** approved 04/05/2020 · Paid in Full · Loan `5177977001`
## Borrower
- **Name:** DEISTER MACHINE COMPANY INC
- **Address:** 1933 E WAYNE ST, FORT WAYNE, IN, 46803-1332
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.51M
- **Initial approval:** $3.51M
- **Forgiven:** $3.56M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.04M
- **Rent:** $81K
- **Utilities:** $118K
- **Health care:** $258K
- **Debt interest:** $15K
- **Jobs reported:** 250
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*