# PPP loan: STATE MACHINE TOOL CO. INC.
> **$269K** approved 03/24/2021 · Paid in Full · Loan `7602038608`
## Borrower
- **Name:** STATE MACHINE TOOL CO. INC.
- **Address:** N56W16743 Ridgewood Dr Ste 800, Menomonee Falls, WI, 53051-5665
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 04/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $269K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*