# PPP loan: MECHANICAL CONTRACTORS INC.
> **$722K** approved 04/09/2020 · Paid in Full · Loan `1109027107`
## Borrower
- **Name:** MECHANICAL CONTRACTORS INC.
- **Address:** 4131 GRAINWOOD CIR NE, PRIOR LAKE, MN, 55372-1740
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $728K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $722K
- **Jobs reported:** 43
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*