# PPP loan: ULTIMATE MACHINING & ENGINEERING INC.
> **$302K** approved 02/12/2021 · Paid in Full · Loan `7672288401`
## Borrower
- **Name:** ULTIMATE MACHINING & ENGINEERING INC.
- **Address:** 14015 S Van Dyke Rd, Plainfield, IL, 60544-3530
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $302K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*