# PPP loan: ASSOCIATED MECHANICAL COMPANIES, INC
> **$262K** approved 04/07/2020 · Paid in Full · Loan `6502257007`
## Borrower
- **Name:** ASSOCIATED MECHANICAL COMPANIES, INC
- **Address:** 3204 BATTLEFIELD BLVD, CHESAPEAKE, VA, 23322-2311
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $211K
- **Rent:** $41K
- **Mortgage interest:** $700
- **Utilities:** $10K
- **Jobs reported:** 20
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*