# PPP loan: INTERNATIONAL MACHINE TECHNOLOGY INC
> **$439K** approved 04/15/2020 · Paid in Full · Loan `8040007104`
## Borrower
- **Name:** INTERNATIONAL MACHINE TECHNOLOGY INC
- **Address:** 952 ALICE STREET, WAYCROSS, GA, 31501
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Rent:** $110K
- **Jobs reported:** 35
## Lender
- **Originating:** Heritage Bank, A Division of The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*