# PPP loan: THE GLEDHILL ROAD MACHINERY COMPANY
> **$505K** approved 04/09/2020 · Paid in Full · Loan `9039787003`
## Borrower
- **Name:** THE GLEDHILL ROAD MACHINERY COMPANY
- **Address:** 765 PORTLAND WAY S, GALION, OH, 44833-1119
- **NAICS:** 333120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $7K
- **Utilities:** $20K
- **Health care:** $125K
- **Debt interest:** $5K
- **Jobs reported:** 32
## 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*