# PPP loan: MECHANICAL ENERGY CORP
> **$156K** approved 02/07/2021 · Paid in Full · Loan `4912698402`
## Borrower
- **Name:** MECHANICAL ENERGY CORP
- **Address:** 153 Washington St, East Walpole, MA, 02032-1163
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Needham Bank
- **Servicing:** Needham Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*