# PPP loan: MECO ERECTION, INC.
> **$550K** approved 04/28/2020 · Paid in Full · Loan `1481997308`
## Borrower
- **Name:** MECO ERECTION, INC.
- **Address:** 6180 Gun Club Road, MORRIS, IL, 60450
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $138K
- **Jobs reported:** 63
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*