# PPP loan: INDUSTRIAL MACHINE CORP
> **$198K** approved 04/16/2020 · Paid in Full · Loan `3006827205`
## Borrower
- **Name:** INDUSTRIAL MACHINE CORP
- **Address:** 44 LEHIGH AVE, Paterson, NJ, 07503-1729
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 18
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*