# PPP loan: BANKS MACHINE & ENGINEERING, INC
> **$1.09M** approved 04/30/2020 · Paid in Full · Loan `6293837301`
## Borrower
- **Name:** BANKS MACHINE & ENGINEERING, INC
- **Address:** 1677 West 400 North, Shelbyville, IN, 46176
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 78
## Lender
- **Originating:** The National Bank of Indianapolis
- **Servicing:** The National Bank of Indianapolis (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*