# PPP loan: AMERICAN MACHINE & GEAR INC.
> **$453K** approved 01/27/2021 · Paid in Full · Loan `6820428306`
## Borrower
- **Name:** AMERICAN MACHINE & GEAR INC.
- **Address:** 2770 NW Industrial St, Portland, OR, 97210-1829
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $456K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $453K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*