# PPP loan: MECHANICAL TECHNOLOGY INC.
> **$233K** approved 01/22/2021 · Paid in Full · Loan `3929548307`
## Borrower
- **Name:** MECHANICAL TECHNOLOGY INC.
- **Address:** 815 Cerise Rd, Billings, MT, 59101-7374
- **NAICS:** 333415
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $233K
- **Jobs reported:** 15
## Lender
- **Originating:** The Yellowstone Bank
- **Servicing:** The Yellowstone Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*