# PPP loan: INTELLIGENT MACHINES LAB, INC.
> **$268K** approved 04/15/2020 · Paid in Full · Loan `1147767205`
## Borrower
- **Name:** INTELLIGENT MACHINES LAB, INC.
- **Address:** 400 Totten Pond Road, Suite 201, Weymouth, MA, 02451
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Jobs reported:** 17
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*