# PPP loan: H&M MACHINING, INC.
> **$265K** approved 04/07/2020 · Paid in Full · Loan `7456037003`
## Borrower
- **Name:** H&M MACHINING, INC.
- **Address:** 1209 SHAPPERT DR, MACHESNEY PARK, IL, 61115-1417
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $40K
- **Mortgage interest:** $8K
- **Utilities:** $5K
- **Jobs reported:** 23
## Lender
- **Originating:** Byron Bank
- **Servicing:** Byron Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*