# PPP loan: BUSINESS MACHINES & EQUIPMENT INC.
> **$175K** approved 01/31/2021 · Paid in Full · Loan `9774198300`
## Borrower
- **Name:** BUSINESS MACHINES & EQUIPMENT INC.
- **Address:** 8375 Seneca Tpke, New Hartford, NY, 13413-4957
- **NAICS:** 532420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*