# PPP loan: SERVICE MACHINE COMPANY
> **$225K** approved 02/09/2021 · Paid in Full · Loan `5624098410`
## Borrower
- **Name:** SERVICE MACHINE COMPANY
- **Address:** 6205 Material Ave, Loves Park, IL, 61111-4243
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $225K
- **Jobs reported:** 13
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*