# PPP loan: TAZEWELL MACHINE WORKS, INC.
> **$510K** approved 04/07/2020 · Paid in Full · Loan `7051277007`
## Borrower
- **Name:** TAZEWELL MACHINE WORKS, INC.
- **Address:** 2015 S 2nd Street, PEKIN, IL, 61554-5465
- **NAICS:** 331523
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $383K
- **Rent:** $128K
- **Jobs reported:** 44
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*