# PPP loan: STEWARD MACHINE CO., INC.
> **$2.34M** approved 04/06/2020 · Paid in Full · Loan `6242887000`
## Borrower
- **Name:** STEWARD MACHINE CO., INC.
- **Address:** 3911 13TH AVE N, BIRMINGHAM, AL, 35234-1434
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.34M
- **Initial approval:** $2.34M
- **Forgiven:** $2.29M (98%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Rent:** $117K
- **Mortgage interest:** $117K
- **Utilities:** $117K
- **Health care:** $117K
- **Debt interest:** $117K
- **Jobs reported:** 183
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*