# PPP loan: MECO INC
> **$384K** approved 04/14/2020 · Exemption 4 · Loan `6538847107`
## Borrower
- **Name:** MECO INC
- **Address:** 37 Prodelin, MILLSTONE TOWNSHIP, NJ, 08535
- **NAICS:** 324121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $331K (86%)
- **Forgiveness date:** 09/27/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Jobs reported:** 19
## Lender
- **Originating:** Freehold Bank
- **Servicing:** Freehold Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*