# PPP loan: DODSON-TYE MACHINE WORKS, INC.
> **$263K** approved 04/27/2020 · Paid in Full · Loan `5398217207`
## Borrower
- **Name:** DODSON-TYE MACHINE WORKS, INC.
- **Address:** 510 HIGHWAY 371 S, MAGNOLIA, AR, 71753-8962
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $263K
- **Jobs reported:** 19
## Lender
- **Originating:** The Peoples Bank
- **Servicing:** The Peoples Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*