# PPP loan: CARDINAL MACHINE CO.
> **$375K** approved 04/08/2020 · Paid in Full · Loan `8664547002`
## Borrower
- **Name:** CARDINAL MACHINE CO.
- **Address:** 860 Tacoma Ct, CLIO, MI, 48420-1581
- **NAICS:** 333519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Rent:** $15K
- **Utilities:** $5K
- **Health care:** $11K
- **Jobs reported:** 28
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*