# PPP loan: AUTO INDUSTRIAL MACHINE
> **$269K** approved 04/13/2020 · Paid in Full · Loan `5435207106`
## Borrower
- **Name:** AUTO INDUSTRIAL MACHINE
- **Address:** 3 ELECTRONICS AVE, DANVERS, MA, 01923-1099
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $269K
- **Jobs reported:** 26
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*