# PPP loan: MECHANICAL TECHNOLOGY, INC
> **$202K** approved 04/13/2020 · Paid in Full · Loan `5485647107`
## Borrower
- **Name:** MECHANICAL TECHNOLOGY, INC
- **Address:** 815 CERISE RD, BILLINGS, MT, 59101-7374
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Jobs reported:** 11
## Lender
- **Originating:** The Yellowstone Bank
- **Servicing:** The Yellowstone Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*