# PPP loan: ASHCRAFT MACHINE & SUPPLY, INC
> **$158K** approved 04/09/2020 · Paid in Full · Loan `8959057005`
## Borrower
- **Name:** ASHCRAFT MACHINE & SUPPLY, INC
- **Address:** 185 Wilson St, NEWARK, OH, 43055-4029
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $9K
- **Utilities:** $3K
- **Health care:** $19K
- **Jobs reported:** 13
## 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*