# PPP loan: STUERTZ MACHINERY INC
> **$500K** approved 07/24/2020 · Paid in Full · Loan `8069778101`
## Borrower
- **Name:** STUERTZ MACHINERY INC
- **Address:** 1910 SUMMIT COMMERCE PARK, TWINSBURG, OH, 44087-2372
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 31
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*