# PPP loan: K&W TOOL AND MACHINE, INC
> **$418K** approved 04/07/2020 · Paid in Full · Loan `6539117004`
## Borrower
- **Name:** K&W TOOL AND MACHINE, INC
- **Address:** 1216 SHEARER RD, Suite A, GREENVILLE, MI, 48838-8102
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Mortgage interest:** $7K
- **Utilities:** $24K
- **Health care:** $21K
- **Debt interest:** $23K
- **Jobs reported:** 32
## Lender
- **Originating:** Isabella Bank
- **Servicing:** Isabella Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*