# PPP loan: MACHINEWELL, INC.
> **$533K** approved 04/09/2020 · Paid in Full · Loan `9838357010`
## Borrower
- **Name:** MACHINEWELL, INC.
- **Address:** 115 West State St P O Box 157, GRYGLA, MN, 56727-2752
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $536K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $133K
- **Jobs reported:** 66
## Lender
- **Originating:** Northern State Bank of Thief River Falls
- **Servicing:** Northern State Bank of Thief River Falls (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*