# PPP loan: GENERAL MACHINE SERVICE INC
> **$250K** approved 04/06/2020 · Paid in Full · Loan `5842567008`
## Borrower
- **Name:** GENERAL MACHINE SERVICE INC
- **Address:** 494 E MORLEY DR, SAGINAW, MI, 48601-9402
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Rent:** $21K
- **Utilities:** $10K
- **Health care:** $35K
- **Debt interest:** $2K
- **Jobs reported:** 31
## Lender
- **Originating:** Isabella Bank
- **Servicing:** Isabella Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*