# PPP loan: M&M CUT-O-MATIC
> **$180K** approved 03/16/2021 · Exemption 4 · Loan `2960148603`
## Borrower
- **Name:** M&M CUT-O-MATIC
- **Address:** 9316 Washburn Rd, Downey, CA, 90242-2911
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $169K (94%)
- **Forgiveness date:** 10/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $1
- **Jobs reported:** 7
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*