# PPP loan: MECHANICAL DEVICES COMPANY
> **$1.94M** approved 02/22/2021 · Paid in Full · Loan `2696488502`
## Borrower
- **Name:** MECHANICAL DEVICES COMPANY
- **Address:** 2005 General Electric Rd, Bloomington, IL, 61704-1320
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.94M
- **Initial approval:** $1.94M
- **Forgiven:** $1.96M (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.94M
- **Utilities:** $1
- **Jobs reported:** 155
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*