# PPP loan: ALMA MACHINERY CO., INC.
> **$290K** approved 04/13/2020 · Paid in Full · Loan `5652477102`
## Borrower
- **Name:** ALMA MACHINERY CO., INC.
- **Address:** 3761 ELLSWORTH RD, ANN ARBOR, MI, 48108-2058
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $232K
- **Mortgage interest:** $58K
- **Jobs reported:** 22
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*