# PPP loan: MECHANICAL CONCEPTS INC
> **$172K** approved 04/12/2020 · Paid in Full · Loan `3753527104`
## Borrower
- **Name:** MECHANICAL CONCEPTS INC
- **Address:** 34 FIELDSTONE LN, CANDIA, NH, 03034-2321
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $172K
- **Initial approval:** $243K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 14
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*