# PPP loan: MECHANICAL CONSTRUCTION SERVICES INC
> **$2.90M** approved 04/06/2020 · Paid in Full · Loan `6357567009`
## Borrower
- **Name:** MECHANICAL CONSTRUCTION SERVICES INC
- **Address:** 595 LOCUST ST, NEWARK, AR, 72562-9135
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.90M
- **Initial approval:** $2.90M
- **Forgiven:** $2.93M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.17M
- **Rent:** $362K
- **Utilities:** $362K
- **Jobs reported:** 175
## Lender
- **Originating:** Merchants & Planters Bank
- **Servicing:** Merchants & Planters Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*