# PPP loan: CEM MACHINE INC.
> **$663K** approved 01/21/2021 · Paid in Full · Loan `3016548302`
## Borrower
- **Name:** CEM MACHINE INC.
- **Address:** 571 W End Ave, Carthage, NY, 13619-1038
- **NAICS:** 333243
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $663K
- **Initial approval:** $663K
- **Forgiven:** $668K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $663K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Community Bank, National Association
- **Servicing:** Community Bank, National Association (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*