# PPP loan: GARMENT MACHINERY COMPANY INC.
> **$174K** approved 02/11/2021 · Paid in Full · Loan `6795578400`
## Borrower
- **Name:** GARMENT MACHINERY COMPANY INC.
- **Address:** 220 Reservoir St, Needham, MA, 02494-3149
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (100%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 15
## Lender
- **Originating:** Needham Bank
- **Servicing:** Needham Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*