# PPP loan: SMART MACHINE TECHNOLOGIES, INC.
> **$469K** approved 04/15/2020 · Exemption 4 · Loan `9113927105`
## Borrower
- **Name:** SMART MACHINE TECHNOLOGIES, INC.
- **Address:** 651 Frith Dr, Ridgeway, VA, 24148
- **NAICS:** 333241
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $469K
- **Initial approval:** $469K
- **Forgiven:** $422K (90%)
- **Forgiveness date:** 03/31/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $359K
- **Rent:** $34K
- **Utilities:** $22K
- **Health care:** $38K
- **Debt interest:** $16K
- **Jobs reported:** 52
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*