# PPP loan: ELECTRIC MACHINE CONTROL INC
> **$345K** approved 01/16/2021 · Paid in Full · Loan `1246228307`
## Borrower
- **Name:** ELECTRIC MACHINE CONTROL INC
- **Address:** 7015 Haisten Dr, Trussville, AL, 35173-2510
- **NAICS:** 335314
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $345K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*