# PPP loan: MACH III, INC.
> **$180K** approved 01/17/2021 · Paid in Full · Loan `1406568304`
## Borrower
- **Name:** MACH III, INC.
- **Address:** 6640 County Road 1101, Vinemont, AL, 35179-5094
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $180K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*