# PPP loan: ACCURATE GEAR & MACHINE, INC.
> **$495K** approved 04/09/2020 · Paid in Full · Loan `9406087008`
## Borrower
- **Name:** ACCURATE GEAR & MACHINE, INC.
- **Address:** 2864 BURTON AVE, WATERLOO, IA, 50703-9638
- **NAICS:** 332991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Jobs reported:** 45
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*