# PPP loan: BEDFORD MACHINE & TOOL, INC.
> **$463K** approved 04/13/2020 · Paid in Full · Loan `5240227101`
## Borrower
- **Name:** BEDFORD MACHINE & TOOL, INC.
- **Address:** 2103 John Williams Blvd, BEDFORD, IN, 47421-9800
- **NAICS:** 332216
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $463K
- **Initial approval:** $463K
- **Forgiven:** $466K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $347K
- **Rent:** $116K
- **Jobs reported:** 41
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*