# PPP loan: MECHANLOO LLC
> **$434K** approved 04/10/2020 · Paid in Full · Loan `1176887107`
## Borrower
- **Name:** MECHANLOO LLC
- **Address:** 8164 WEST 3RD STREET, LOS ANGELES, CA, 90048-4309
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $393K (90%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $384K
- **Rent:** $30K
- **Utilities:** $20K
- **Jobs reported:** 75
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*