# PPP loan: INDEPENDENT MACHINE COMPANY
> **$261K** approved 01/27/2021 · Paid in Full · Loan `7001638300`
## Borrower
- **Name:** INDEPENDENT MACHINE COMPANY
- **Address:** 20 Industrial Rd, Fairfield, NJ, 07004-3018
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $261K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*