# PPP loan: GRAND TRAVERSE MACHINE COMPANY
> **$639K** approved 02/25/2021 · Paid in Full · Loan `4111738510`
## Borrower
- **Name:** GRAND TRAVERSE MACHINE COMPANY
- **Address:** 1247 Boon St, Traverse City, MI, 49686-4349
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $639K
- **Initial approval:** $639K
- **Forgiven:** $644K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $639K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*