# PPP loan: SERVICE MACHINE & SUPPLY INC
> **$727K** approved 04/16/2020 · Paid in Full · Loan `2849597201`
## Borrower
- **Name:** SERVICE MACHINE & SUPPLY INC
- **Address:** 1828 DENAIS RD, DUSON, LA, 70529
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $735K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $598K
- **Rent:** $36K
- **Utilities:** $13K
- **Health care:** $80K
- **Jobs reported:** 41
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*