# PPP loan: MODERN MACHINE TOOL CO.
> **$325K** approved 04/08/2020 · Paid in Full · Loan `8308267005`
## Borrower
- **Name:** MODERN MACHINE TOOL CO.
- **Address:** 2005 LOSEY AVE, JACKSON, MI, 49203-3443
- **NAICS:** 333243
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Utilities:** $16K
- **Jobs reported:** 19
## Lender
- **Originating:** County National Bank
- **Servicing:** County National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*