# PPP loan: INTERSTATE MECHANICAL CORPORATION
> **$4.27M** approved 04/04/2020 · Paid in Full · Loan `4998907005`
## Borrower
- **Name:** INTERSTATE MECHANICAL CORPORATION
- **Address:** 1841 E Washington St, PHOENIX, AZ, 85034-1200
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.27M
- **Initial approval:** $4.27M
- **Forgiven:** $4.32M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.01M
- **Rent:** $60K
- **Utilities:** $36K
- **Health care:** $149K
- **Debt interest:** $9K
- **Jobs reported:** 250
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*