# PPP loan: HOBSON TOOL AND MACHINE CO
> **$210K** approved 05/01/2020 · Exemption 4 · Loan `7472767707`
## Borrower
- **Name:** HOBSON TOOL AND MACHINE CO
- **Address:** 3061 N MORTON ST, FRANKLIN, IN, 46131-9662
- **NAICS:** 334511
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $195K (93%)
- **Forgiveness date:** 09/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 20
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*