# PPP loan: SHELBY MACHINE & TOOL, INC.
> **$198K** approved 04/14/2020 · Paid in Full · Loan `6736847108`
## Borrower
- **Name:** SHELBY MACHINE & TOOL, INC.
- **Address:** 160 Mullins Dr., HELENA, AL, 35080
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 16
## Lender
- **Originating:** Renasant Bank
- **Servicing:** Renasant Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*