# PPP loan: LA MACHINE SHOP INC.
> **$469K** approved 01/26/2021 · Paid in Full · Loan `6362858308`
## Borrower
- **Name:** LA MACHINE SHOP INC.
- **Address:** 15470 Lincoln Street NE, Ham Lake, MN, 55304
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $469K
- **Initial approval:** $469K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $469K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Community Resource Bank
- **Servicing:** Community Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*