# PPP loan: MACHINERY AND EQUIPMENT EXCHANGE INCOR
> **$292K** approved 02/09/2021 · Paid in Full · Loan `5843578401`
## Borrower
- **Name:** MACHINERY AND EQUIPMENT EXCHANGE INCOR
- **Address:** 25180 Seeley Rd, Novi, MI, 48375-2044
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $293K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*