# PPP loan: APEX MACHINE COMPANY
> **$1.08M** approved 04/13/2020 · Paid in Full · Loan `5125507107`
## Borrower
- **Name:** APEX MACHINE COMPANY
- **Address:** 3000 NE 12th Terrace, OAKLAND PARK, FL, 33334-4403
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $941K
- **Rent:** $26K
- **Utilities:** $11K
- **Health care:** $97K
- **Debt interest:** $6K
- **Jobs reported:** 71
## Lender
- **Originating:** Amerant Bank, National Association
- **Servicing:** Amerant Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*