# PPP loan: HOFER MACHINE & TOOL CO INC
> **$245K** approved 05/01/2020 · Paid in Full · Loan `7574057707`
## Borrower
- **Name:** HOFER MACHINE & TOOL CO INC
- **Address:** 126 LINDA VISTA AVE, NORTH HALEDON, NJ, 07508
- **NAICS:** 335931
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 16
## 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*