# PPP loan: HAMMERSMITH EQUIPMENT COMPANY INC
> **$431K** approved 04/14/2020 · Paid in Full · Loan `7081197106`
## Borrower
- **Name:** HAMMERSMITH EQUIPMENT COMPANY INC
- **Address:** 1621 CENTURY AVE SW, GRAND RAPIDS, MI, 49503
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $434K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $431K
- **Jobs reported:** 25
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*