# PPP loan: MACHINERY SYSTEMS, INC.
> **$730K** approved 04/05/2020 · Paid in Full · Loan `5379147008`
## Borrower
- **Name:** MACHINERY SYSTEMS, INC.
- **Address:** 614 E STATE PKWY, SCHAUMBURG, IL, 60173-4533
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $730K
- **Initial approval:** $730K
- **Forgiven:** $735K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $548K
- **Rent:** $183K
- **Jobs reported:** 34
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*