# PPP loan: BANKS MACHINE & ENGINEERING INC
> **$1.17M** approved 02/10/2021 · Paid in Full · Loan `6737688400`
## Borrower
- **Name:** BANKS MACHINE & ENGINEERING INC
- **Address:** 1677 W 400 N, Shelbyville, IN, 46176-8586
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 67
## Lender
- **Originating:** The National Bank of Indianapolis
- **Servicing:** The National Bank of Indianapolis (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*