# PPP loan: JOHNSON MACHINE WORKS, INC.
> **$962K** approved 04/08/2020 · Paid in Full · Loan `8591147009`
## Borrower
- **Name:** JOHNSON MACHINE WORKS, INC.
- **Address:** 318 N 11th St, CHARITON, IA, 50049-1704
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $962K
- **Initial approval:** $962K
- **Forgiven:** $972K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $962K
- **Jobs reported:** 85
## Lender
- **Originating:** Midwest Heritage Bank, F.S.B.
- **Servicing:** Midwest Heritage Bank, F.S.B. (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*