# PPP loan: SATELLITE TOOL & MACHINE CO INC
> **$1.29M** approved 01/26/2021 · Paid in Full · Loan `5874838301`
## Borrower
- **Name:** SATELLITE TOOL & MACHINE CO INC
- **Address:** 571 Nutmeg Rd N, South Windsor, CT, 06074-2461
- **NAICS:** 336412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.29M
- **Utilities:** $1
- **Jobs reported:** 77
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*