# PPP loan: MACHINING TECHNOLOGIES, INC.
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `6572437008`
## Borrower
- **Name:** MACHINING TECHNOLOGIES, INC.
- **Address:** 510 NAYLOR MILL RD, SALISBURY, MD, 21801-1192
- **NAICS:** 332919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 99
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*