# PPP loan: SERVICE MACHINE SPECIALTIES, INC.
> **$544K** approved 04/07/2020 · Paid in Full · Loan `7558857003`
## Borrower
- **Name:** SERVICE MACHINE SPECIALTIES, INC.
- **Address:** AYMOND ST, EUNICE, LA, 70535-6318
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $544K
- **Initial approval:** $544K
- **Forgiven:** $540K (99%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Jobs reported:** 38
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*