# PPP loan: CGR MECHANICAL, INC.
> **$502K** approved 04/10/2020 · Paid in Full · Loan `1213477102`
## Borrower
- **Name:** CGR MECHANICAL, INC.
- **Address:** 89 BELMONT ST, NORTH ANDOVER, MA, 01845-2304
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Forgiven:** $435K (87%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $502K
- **Jobs reported:** 56
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*