# PPP loan: PETRO-MECHANICS, INC.
> **$402K** approved 04/11/2020 · Paid in Full · Loan `3589367101`
## Borrower
- **Name:** PETRO-MECHANICS, INC.
- **Address:** 18 PRICES LANE, LAFAYETTE, NJ, 07848
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $402K
- **Jobs reported:** 28
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*