As part of the Paycheck Protection Program ABSOLUTE MACHINE TOOLS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

ABSOLUTE MACHINE TOOLS, INC


Loan Amount	$1,145,985
BusinessName	ABSOLUTE MACHINE TOOLS, INC
Address	7420 Industrial Parkway Dr
City	Lorain
State	OH
Zip	44053
NAICSCode	423830
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	54
DateApproved	04/28/2020
Lender	Northwest Bank
CD	OH-09
BusinessName.clean	ABSOLUTE MACHINE TOOLS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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