# PPP loan: MCCHESNEY ELECTRIC INC
> **$301K** approved 05/01/2020 · Paid in Full · Loan `6739947708`
## Borrower
- **Name:** MCCHESNEY ELECTRIC INC
- **Address:** 22036 WOODWARD AVE, FERNDALE, MI, 48220-2521
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $296K (98%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $301K
- **Jobs reported:** 19
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*