# PPP loan: TURNAMATIC MACHINE INC.
> **$1.30M** approved 04/03/2021 · Paid in Full · Loan `6221618705`
## Borrower
- **Name:** TURNAMATIC MACHINE INC.
- **Address:** 1725 Jay Ell Dr, Richardson, TX, 75081-1835
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 92
## Lender
- **Originating:** Inwood National Bank
- **Servicing:** Inwood National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*