# PPP loan: DISTINCTIVE MACHINE CORPORATION
> **$497K** approved 04/05/2020 · Paid in Full · Loan `5544017009`
## Borrower
- **Name:** DISTINCTIVE MACHINE CORPORATION
- **Address:** 300 Byrne Industrial Drive Suite B, Rockford, MI, 49341-1083
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 34
## Lender
- **Originating:** Lake Michigan CU
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*