# PPP loan: MERCED SCREW PRODUCTS, INC.
> **$244K** approved 05/01/2020 · Paid in Full · Loan `2062297702`
## Borrower
- **Name:** MERCED SCREW PRODUCTS, INC.
- **Address:** 1861 GROGAN AVE, Merced, CA, 95341
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Rent:** $31K
- **Mortgage interest:** $2K
- **Utilities:** $8K
- **Health care:** $4K
- **Debt interest:** $2K
- **Jobs reported:** 37
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*