# PPP loan: MACHINE TOOL BUILDERS, INC.
> **$352K** approved 04/06/2020 · Paid in Full · Loan `6370747009`
## Borrower
- **Name:** MACHINE TOOL BUILDERS, INC.
- **Address:** 7723 BURDEN RD, MACHESNEY PARK, IL, 61115-8219
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Rent:** $40K
- **Utilities:** $10K
- **Jobs reported:** 19
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*