# PPP loan: MECHANICAL DEGREES INC.
> **$209K** approved 05/21/2021 · Paid in Full · Loan `5173759000`
## Borrower
- **Name:** MECHANICAL DEGREES INC.
- **Address:** 26 Worlds Fair Dr Ste D, Somerset, NJ, 08873-1359
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $209K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*