# PPP loan: STERLING MACHINERY INC
> **$1.03M** approved 04/08/2020 · Paid in Full · Loan `8699377010`
## Borrower
- **Name:** STERLING MACHINERY INC
- **Address:** 104 PORT ARTHUR AVE, MENA, AR, 71953-3344
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Jobs reported:** 80
## Lender
- **Originating:** Union Bank
- **Servicing:** Union Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*