# PPP loan: JL LUCAS MACHINERY COMPANY INC.
> **$412K** approved 02/18/2021 · Exemption 4 · Loan `9923788403`
## Borrower
- **Name:** JL LUCAS MACHINERY COMPANY INC.
- **Address:** 429 Brookside Rd, Waterbury, CT, 06708-1418
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $354K (86%)
- **Forgiveness date:** 03/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $412K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*