# PPP loan: J & L MACHINE CO INC
> **$1.50M** approved 04/30/2020 · Paid in Full · Loan `5825847301`
## Borrower
- **Name:** J & L MACHINE CO INC
- **Address:** 62 BATSON DR, MANCHESTER, CT, 06042-1657
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 65
## 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*