# PPP loan: KERN MACHINERY, INC
> **$1.70M** approved 04/15/2020 · Paid in Full · Loan `1665627209`
## Borrower
- **Name:** KERN MACHINERY, INC
- **Address:** 4500 E MERCED AVE, BAKERSFIELD, CA, 93380
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.70M
- **Jobs reported:** 124
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*