# PPP loan: QUALITY MACHINE & TOOL WORKS INC
> **$757K** approved 01/29/2021 · Paid in Full · Loan `8645708308`
## Borrower
- **Name:** QUALITY MACHINE & TOOL WORKS INC
- **Address:** 1201 Michigan Ave, Columbus, IN, 47201-5635
- **NAICS:** 333515
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $757K
- **Initial approval:** $757K
- **Forgiven:** $761K (100%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $757K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*