# PPP loan: FEDERAL MACHINE CO.
> **$165K** approved 04/04/2020 · Paid in Full · Loan `4958807005`
## Borrower
- **Name:** FEDERAL MACHINE CO.
- **Address:** 725 N 25th St, FARGO, ND, 58102-3110
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $5K
- **Jobs reported:** 18
## Lender
- **Originating:** Gate City Bank
- **Servicing:** Gate City Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*