# PPP loan: WILLIAMS MACHINE INC
> **$308K** approved 04/09/2020 · Paid in Full · Loan `9515007005`
## Borrower
- **Name:** WILLIAMS MACHINE INC
- **Address:** 764 COUNTY ROAD 1845, ARAB, AL, 35016-2466
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Utilities:** $36K
- **Health care:** $26K
- **Jobs reported:** 33
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of 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*