# PPP loan: ADAX MACHINE CO., INC
> **$197K** approved 04/03/2020 · Paid in Full · Loan `4389637001`
## Borrower
- **Name:** ADAX MACHINE CO., INC
- **Address:** 5 FLAGSTONE DR, HUDSON, NH, 03051-4905
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 16
## Lender
- **Originating:** Merrimack County Savings Bank
- **Servicing:** Merrimack County Savings Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*