# PPP loan: GATES MACHINE TOOL REPAIR, INC.
> **$199K** approved 01/16/2021 · Paid in Full · Loan `1047788308`
## Borrower
- **Name:** GATES MACHINE TOOL REPAIR, INC.
- **Address:** 7102 Bissell Rd, Manvel, TX, 77578-4689
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Pearland State Bank
- **Servicing:** Pearland State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*