# PPP loan: MICHAEL'S MACHINE COMPANY, INC. & ABEL HOLDINGS, INC.
> **$175K** approved 04/06/2020 · Paid in Full · Loan `6304517001`
## Borrower
- **Name:** MICHAEL'S MACHINE COMPANY, INC. & ABEL HOLDINGS, INC.
- **Address:** 4442 DOUGLAS AVE, RACINE, WI, 53402-2797
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Mortgage interest:** $7K
- **Utilities:** $10K
- **Health care:** $15K
- **Jobs reported:** 21
## Lender
- **Originating:** Ergo Bank
- **Servicing:** Ergo Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*