# PPP loan: MCKENNA ENGINEERING & EQUIPMENT CO. INC.
> **$501K** approved 04/11/2020 · Paid in Full · Loan `3542147108`
## Borrower
- **Name:** MCKENNA ENGINEERING & EQUIPMENT CO. INC.
- **Address:** 13720 CIMARRON AVE, GARDENA, CA, 90249-2462
- **NAICS:** 811310
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $376K
- **Rent:** $60K
- **Utilities:** $23K
- **Health care:** $42K
- **Jobs reported:** 31
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*