# PPP loan: BECHT ENGINEERING CO. INC
> **$6.63M** approved 04/09/2020 · Paid in Full · Loan `1009117102`
## Borrower
- **Name:** BECHT ENGINEERING CO. INC
- **Address:** PO Box 300, 22 Church Street 0.0, Liberty Corner, NJ, 07938-0253
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.63M
- **Initial approval:** $6.63M
- **Forgiven:** $6.70M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.85M
- **Rent:** $130K
- **Utilities:** $30K
- **Health care:** $615K
- **Jobs reported:** 325
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*