# PPP loan: WESTWOOD MACHINE & TOOL COMPANY
> **$167K** approved 04/07/2020 · Paid in Full · Loan `7579777002`
## Borrower
- **Name:** WESTWOOD MACHINE & TOOL COMPANY
- **Address:** 1703 Westwood Dr, STERLING, IL, 61081-9296
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Jobs reported:** 15
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*