# PPP loan: ALABAMA MACHINE WORKS INC.
> **$229K** approved 01/27/2021 · Paid in Full · Loan `6805988301`
## Borrower
- **Name:** ALABAMA MACHINE WORKS INC.
- **Address:** 8601 Hwy. 227 N., Crossville, AL, 35962
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 27
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*