# PPP loan: MCDERMOTT PUMPING, INC
> **$177K** approved 04/29/2020 · Charged Off · Loan `4185587302`
## Borrower
- **Name:** MCDERMOTT PUMPING, INC
- **Address:** 25659 Pacific Coast Highway, Malibu, CA, 90265
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 7
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*