# PPP loan: GOLD MECH INC
> **$1.59M** approved 04/05/2020 · Paid in Full · Loan `5358087004`
## Borrower
- **Name:** GOLD MECH INC
- **Address:** 1559 BROAD ST, AUGUSTA, GA, 30904-3911
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Mortgage interest:** $159K
- **Utilities:** $159K
- **Jobs reported:** 170
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*