# PPP loan: BUSINESS MACHINES & EQUIPMENT, INC.
> **$214K** approved 04/06/2020 · Paid in Full · Loan `5726207008`
## Borrower
- **Name:** BUSINESS MACHINES & EQUIPMENT, INC.
- **Address:** 8375 Seneca Turnpike, NEW HARTFORD, NY, 13413
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $216K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $27K
- **Utilities:** $27K
- **Jobs reported:** 19
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*