# PPP loan: MECNB, INC.
> **$792K** approved 05/01/2020 · Paid in Full · Loan `1865517706`
## Borrower
- **Name:** MECNB, INC.
- **Address:** 2720 10TH AVE N, PALM SPRINGS, FL, 33461
- **NAICS:** 621511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $792K
- **Initial approval:** $792K
- **Forgiven:** $800K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $554K
- **Rent:** $178K
- **Mortgage interest:** $6K
- **Utilities:** $14K
- **Health care:** $40K
- **Jobs reported:** 78
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*