# PPP loan: LOVERIDGE MACHINE & TOOL INC
> **$472K** approved 04/27/2020 · Paid in Full · Loan `5504487201`
## Borrower
- **Name:** LOVERIDGE MACHINE & TOOL INC
- **Address:** 4097 S. WEST TEMPLE, MURRAY, UT, 84107
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $475K (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Jobs reported:** 41
## Lender
- **Originating:** America First FCU
- **Servicing:** America First FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*