# PPP loan: MCN INC
> **$196K** approved 06/26/2020 · Paid in Full · Loan `5001918008`
## Borrower
- **Name:** MCN INC
- **Address:** 9329 RAVENNA RD STE B, TWINSBURG, OH, 44087
- **NAICS:** 541614
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $3K
- **Utilities:** $401
- **Health care:** $27K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*