# PPP loan: CARMICHAEL MACHINE CORPORATION
> **$485K** approved 04/08/2020 · Paid in Full · Loan `8763697007`
## Borrower
- **Name:** CARMICHAEL MACHINE CORPORATION
- **Address:** 5543 W NATIONAL RD, SPRINGFIELD, OH, 45504-3218
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Mortgage interest:** $11K
- **Utilities:** $14K
- **Jobs reported:** 36
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*