# PPP loan: ONLINE MECHANICAL CORP.
> **$490K** approved 04/14/2020 · Paid in Full · Loan `6549677110`
## Borrower
- **Name:** ONLINE MECHANICAL CORP.
- **Address:** 24-15 45th Street, ASTORIA, NY, 11103
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $650K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Jobs reported:** 57
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*