# PPP loan: KMS MACHINE WORKS, INC.
> **$187K** approved 04/07/2020 · Paid in Full · Loan `6714337009`
## Borrower
- **Name:** KMS MACHINE WORKS, INC.
- **Address:** 447 WINTHROP ST, TAUNTON, MA, 02780-2154
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $15K
- **Mortgage interest:** $7K
- **Utilities:** $13K
- **Health care:** $12K
- **Jobs reported:** 20
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*