# PPP loan: GENERAL MACHINE, INC.
> **$225K** approved 04/12/2020 · Paid in Full · Loan `3976407100`
## Borrower
- **Name:** GENERAL MACHINE, INC.
- **Address:** 6038 Schiermeier Road, Freeburg, IL, 62243-2012
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Rent:** $21K
- **Utilities:** $8K
- **Jobs reported:** 14
## Lender
- **Originating:** Bank of Belleville
- **Servicing:** Bank of Belleville (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*