# PPP loan: VERACITY MACHINE
> **$178K** approved 04/04/2020 · Exemption 4 · Loan `4982467010`
## Borrower
- **Name:** VERACITY MACHINE
- **Address:** 101 ASHLAND WAY, MADISONVILLE, LA, 70447-3357
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $129K (72%)
- **Forgiveness date:** 03/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $145K
- **Rent:** $20K
- **Utilities:** $13K
- **Jobs reported:** 10
## Lender
- **Originating:** BOM Bank
- **Servicing:** BOM Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*