# PPP loan: FORT WALTON MACHINING INC
> **$1.59M** approved 04/06/2020 · Paid in Full · Loan `5889127002`
## Borrower
- **Name:** FORT WALTON MACHINING INC
- **Address:** 43 Jet Dr, NW, FORT WALTON BEACH, FL, 32548-4807
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $48K
- **Mortgage interest:** $180K
- **Utilities:** $60K
- **Jobs reported:** 159
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*