# PPP loan: TORMACH, INC
> **$631K** approved 02/13/2021 · Paid in Full · Loan `8296628407`
## Borrower
- **Name:** TORMACH, INC
- **Address:** 1071 Uniek Dr, Waunakee, WI, 53597-9588
- **NAICS:** 339999
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $631K
- **Initial approval:** $631K
- **Forgiven:** $633K (100%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $631K
- **Jobs reported:** 40
## Lender
- **Originating:** Summit CU
- **Servicing:** Summit CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*