# PPP loan: MORGAL MACHINE TOOL CO.
> **$1.04M** approved 04/08/2020 · Paid in Full · Loan `8240097005`
## Borrower
- **Name:** MORGAL MACHINE TOOL CO.
- **Address:** 2100 S YELLOW SPRINGS ST, SPRINGFIELD, OH, 45506-3354
- **NAICS:** 336370
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $934K
- **Rent:** $35K
- **Mortgage interest:** $34K
- **Utilities:** $41K
- **Jobs reported:** 87
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*