# PPP loan: AMERICAN ELEVATOR & MACHINE CORPORATION
> **$717K** approved 04/16/2020 · Paid in Full · Loan `2310937203`
## Borrower
- **Name:** AMERICAN ELEVATOR & MACHINE CORPORATION
- **Address:** 36-26  31ST ST, Long Island City, NY, 11106-2323
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $717K
- **Initial approval:** $717K
- **Forgiven:** $722K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $717K
- **Jobs reported:** 53
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*