# PPP loan: ELLIOTT MACHINE WORKS, INC.
> **$596K** approved 04/06/2020 · Paid in Full · Loan `5730907009`
## Borrower
- **Name:** ELLIOTT MACHINE WORKS, INC.
- **Address:** 1351 Freese Works Place, GALION, OH, 44833-9368
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $596K
- **Initial approval:** $596K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $50K
- **Utilities:** $99K
- **Jobs reported:** 61
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*