ABSOLUTE MACHINE TOOLS, INC (OH) - 2020 PPP Loan Borrower Profile (# 9789707207)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE MACHINE TOOLS, INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Ohio.

Loan Detail

Loan Number

9789707207

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$1,145,985

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$1,156,785.52

Date Loan was Forgiven

Apr 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,145,985

Lender

Northwest Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423830

Borrower Location

Lorain, OH

Project Location

Lorain, OH

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.