# PPP loan: MACHTEMES CONSTRUCTION INC.
> **$159K** approved 04/06/2020 · Paid in Full · Loan `6021667000`
## Borrower
- **Name:** MACHTEMES CONSTRUCTION INC.
- **Address:** PO BOX, WACONIA, MN, 55387-0275
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $10K
- **Health care:** $22K
- **Jobs reported:** 7
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*