ABSOLUTE MACHINE TOOLS INC (OH) - 2020 PPP Loan Borrower Profile (# 1611778503)
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 PPP program 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
1611778503
SBA Office Code
0549
Processing Method
PPS
Curent Loan Amount
$1,185,522.5
Date Loan was Approved
Feb 19, 2021
Amount Forgiven
$1,195,363.96
Date Loan was Forgiven
Dec 23, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Payroll Proced
1,185,522.5
Lender
Northwest Bank
Business Detail
Business Type
Subchapter S Corporation
NAICS
423830
Borrower Location
Lorain, OH
Project Location
Lorain, OH
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
54
Business Age Description
Existing or more than 2 years old
Data Source: SBA.