# PPP loan: MADSEN MACHINE COMPANY
> **$203K** approved 04/15/2020 · Paid in Full · Loan `9764467102`
## Borrower
- **Name:** MADSEN MACHINE COMPANY
- **Address:** 500 39TH ST E, TUSCALOOSA, AL, 35405-3120
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Jobs reported:** 19
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*