# PPP loan: SOUTHEASTERN BUSINESS MACHINES, INC
> **$820K** approved 04/08/2020 · Paid in Full · Loan `8171697003`
## Borrower
- **Name:** SOUTHEASTERN BUSINESS MACHINES, INC
- **Address:** PO Box 780, BAXLEY, GA, 31515
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $820K
- **Initial approval:** $820K
- **Forgiven:** $825K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $656K
- **Rent:** $24K
- **Mortgage interest:** $40K
- **Utilities:** $100K
- **Jobs reported:** 71
## Lender
- **Originating:** First National Bank of Coffee County
- **Servicing:** First National Bank of Coffee County (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*