# PPP loan: CIRCLE BORING & MACHINE CO.
> **$241K** approved 04/28/2020 · Paid in Full · Loan `8634477200`
## Borrower
- **Name:** CIRCLE BORING & MACHINE CO.
- **Address:** 3161 FOREST VIEW RD, ROCKFORD, IL, 61109-1641
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $6K
- **Mortgage interest:** $7K
- **Utilities:** $6K
- **Debt interest:** $500
- **Jobs reported:** 19
## Lender
- **Originating:** Resource Bank, National Association
- **Servicing:** Resource Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*