# PPP loan: PT MECHANICAL GROUP
> **$1.39M** approved 04/06/2020 · Paid in Full · Loan `5978177008`
## Borrower
- **Name:** PT MECHANICAL GROUP
- **Address:** 215 Executive Drive, MOORESTOWN, NJ, 08057-4221
- **NAICS:** 238220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Rent:** $28K
- **Utilities:** $28K
- **Health care:** $83K
- **Debt interest:** $139K
- **Jobs reported:** 55
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*