# PPP loan: GENERAL MACHINE & TOOL, INC
> **$361K** approved 04/14/2020 · Paid in Full · Loan `7828177110`
## Borrower
- **Name:** GENERAL MACHINE & TOOL, INC
- **Address:** 348 Caton Farm Road, LOCKPORT, IL, 60441
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $271K
- **Rent:** $90K
- **Jobs reported:** 28
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*