# PPP loan: A&B MECHANICAL CONTRACTORS INC.
> **$196K** approved 02/03/2021 · Paid in Full · Loan `2412748409`
## Borrower
- **Name:** A&B MECHANICAL CONTRACTORS INC.
- **Address:** 1611 12 Mile Rd NW, Sparta, MI, 49345-9757
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*