# PPP loan: AMERICAN BOLT CORPORATION
> **$883K** approved 04/07/2020 · Paid in Full · Loan `7411297007`
## Borrower
- **Name:** AMERICAN BOLT CORPORATION
- **Address:** 16555 W GLENDALE DR, NEW BERLIN, WI, 53151-2845
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $883K
- **Initial approval:** $883K
- **Forgiven:** $888K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $662K
- **Rent:** $110K
- **Utilities:** $110K
- **Jobs reported:** 94
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*