# PPP loan: PARAMOUNT MACHINE COMPANY, INC.
> **$1.61M** approved 05/01/2020 · Paid in Full · Loan `5763347700`
## Borrower
- **Name:** PARAMOUNT MACHINE COMPANY, INC.
- **Address:** 138 Sanrico Dr, Manchester, CT, 06042
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.94M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Jobs reported:** 93
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*