# PPP loan: PROTOTYPE MACHINE COMPANY
> **$1.59M** approved 05/06/2020 · Paid in Full · Loan `2598107406`
## Borrower
- **Name:** PROTOTYPE MACHINE COMPANY
- **Address:** 818 Prototype Road P.O. Box 249, FLATONIA, TX, 78941
- **NAICS:** 333913
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Mortgage interest:** $159K
- **Utilities:** $159K
- **Jobs reported:** 136
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*