# PPP loan: MECHANICAL EQUIPMENT COMPANY
> **$365K** approved 01/23/2021 · Paid in Full · Loan `4935818306`
## Borrower
- **Name:** MECHANICAL EQUIPMENT COMPANY
- **Address:** 1301 Industrial Dr, Matthews, NC, 28105-5310
- **NAICS:** 339920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $367K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $365K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*