# PPP loan: MECHONE, INC.
> **$848K** approved 04/03/2020 · Paid in Full · Loan `4378267002`
## Borrower
- **Name:** MECHONE, INC.
- **Address:** 1275 Vapor Trail, COLORADO SPRINGS, CO, 80916-2701
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $848K
- **Initial approval:** $848K
- **Forgiven:** $854K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $801K
- **Rent:** $19K
- **Utilities:** $3K
- **Health care:** $25K
- **Jobs reported:** 44
## Lender
- **Originating:** Adams Bank & Trust
- **Servicing:** Adams Bank & Trust (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*