# PPP loan: AM TEX MACHINE PRODUCTS, INC.
> **$2.86M** approved 04/09/2020 · Exemption 4 · Loan `9395107005`
## Borrower
- **Name:** AM TEX MACHINE PRODUCTS, INC.
- **Address:** 4517 Brittmoore Rd. 0.0, Houston, TX, 77041-8005
- **NAICS:** 332996
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.86M
- **Initial approval:** $2.86M
- **Forgiven:** $1.58M (55%)
- **Forgiveness date:** 07/27/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.63M
- **Rent:** $35K
- **Utilities:** $60K
- **Health care:** $136K
- **Jobs reported:** 266
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*