# PPP loan: INTELLIGENT MACHINE SOLUTIONS, INC.
> **$296K** approved 05/21/2020 · Paid in Full · Loan `1369217809`
## Borrower
- **Name:** INTELLIGENT MACHINE SOLUTIONS, INC.
- **Address:** 1269 EAST MOUNT GARFIELD RD Suite D, NORTON SHORES, MI, 49441-5694
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 21
## Lender
- **Originating:** Macatawa Bank
- **Servicing:** Macatawa Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*