# PPP loan: MAINSTAY ENGINEERING GROUP, INC
> **$571K** approved 04/10/2020 · Paid in Full · Loan `1969007101`
## Borrower
- **Name:** MAINSTAY ENGINEERING GROUP, INC
- **Address:** 1750 Walton Rd, Blue Bell, PA, 19422-2306
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $143K
- **Jobs reported:** 39
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*