# PPP loan: HOKEL MACHINE SUPPLY, INC.
> **$152K** approved 04/08/2020 · Paid in Full · Loan `8430997005`
## Borrower
- **Name:** HOKEL MACHINE SUPPLY, INC.
- **Address:** 224 Duff Ave, AMES, IA, 50010-6638
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $9K
- **Utilities:** $5K
- **Health care:** $2K
- **Jobs reported:** 19
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*