# PPP loan: MACHINE TECH INC
> **$493K** approved 04/27/2020 · Paid in Full · Loan `5501167204`
## Borrower
- **Name:** MACHINE TECH INC
- **Address:** 203 SOUTH LACARPE CIRCLE, HOUMA, LA, 70360-2756
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Jobs reported:** 34
## Lender
- **Originating:** Synergy Bank
- **Servicing:** Synergy Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*