# PPP loan: ABERDEEN MACHINE TOOL INC.
> **$288K** approved 04/27/2020 · Paid in Full · Loan `5392557203`
## Borrower
- **Name:** ABERDEEN MACHINE TOOL INC.
- **Address:** 2903 Industrial Ave, ABERDEEN, SD, 57401
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Rent:** $46K
- **Utilities:** $6K
- **Jobs reported:** 21
## Lender
- **Originating:** Great Plains Bank
- **Servicing:** Great Plains Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*