# PPP loan: COLONIAL MACHINE COMPANY INC.
> **$520K** approved 02/12/2021 · Paid in Full · Loan `7637058407`
## Borrower
- **Name:** COLONIAL MACHINE COMPANY INC.
- **Address:** 1041 Mogadore Rd, Kent, OH, 44240-7534
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $525K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $520K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** The Bancorp Bank National Association
- **Servicing:** The Bancorp Bank National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*