# PPP loan: MOLINE FORGE, INC.
> **$604K** approved 04/08/2020 · Paid in Full · Loan `8506827008`
## Borrower
- **Name:** MOLINE FORGE, INC.
- **Address:** 4101 4TH AVE, MOLINE, IL, 61265-1959
- **NAICS:** 332111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $612K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $604K
- **Jobs reported:** 47
## Lender
- **Originating:** CBI Bank and Trust
- **Servicing:** CBI Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*