# PPP loan: MAXSON AUTOMATIC MACHINERY COMPANY
> **$547K** approved 01/29/2021 · Paid in Full · Loan `8281758310`
## Borrower
- **Name:** MAXSON AUTOMATIC MACHINERY COMPANY
- **Address:** 70 Airport Rd, Westerly, RI, 02891-3402
- **NAICS:** 333244
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $550K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $547K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*