# PPP loan: ENGINEERED COATINGS & MACHINE INC.
> **$248K** approved 01/30/2021 · Paid in Full · Loan `8941918306`
## Borrower
- **Name:** ENGINEERED COATINGS & MACHINE INC.
- **Address:** 1455 Red Hollow Rd, Birmingham, AL, 35215-2961
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*