# PPP loan: GARMENT MACHINERY COMPANY, INC.
> **$172K** approved 04/04/2020 · Paid in Full · Loan `4976517005`
## Borrower
- **Name:** GARMENT MACHINERY COMPANY, INC.
- **Address:** 220 RESERVOIR ST, NEEDHAM HEIGHTS, MA, 02494-3132
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $189K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 12
## Lender
- **Originating:** Needham Bank
- **Servicing:** Needham Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*