# PPP loan: PROSPECT MACHINE PRODUCTS INC.
> **$207K** approved 03/10/2021 · Paid in Full · Loan `8919538510`
## Borrower
- **Name:** PROSPECT MACHINE PRODUCTS INC.
- **Address:** 139 Union City Rd, Prospect, CT, 06712-1031
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*