# PPP loan: TOWNLINE MACHINE INC
> **$240K** approved 05/01/2020 · Paid in Full · Loan `6539057707`
## Borrower
- **Name:** TOWNLINE MACHINE INC
- **Address:** 3151 TOWNLINE RD, CLIFTON SPRINGS, NY, 14432
- **NAICS:** 332216
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*