# PPP loan: TOMSENSON MACHINE WORKS INC.
> **$743K** approved 04/06/2020 · Paid in Full · Loan `5785257001`
## Borrower
- **Name:** TOMSENSON MACHINE WORKS INC.
- **Address:** 1150 POWIS RD, WEST CHICAGO, IL, 60185-1638
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $743K
- **Initial approval:** $743K
- **Forgiven:** $749K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $557K
- **Mortgage interest:** $93K
- **Utilities:** $93K
- **Jobs reported:** 61
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*