# PPP loan: MCCOY MACHINERY CO., INC.
> **$306K** approved 04/07/2020 · Paid in Full · Loan `6811577002`
## Borrower
- **Name:** MCCOY MACHINERY CO., INC.
- **Address:** 1101 CURTIS ST, MONROE, NC, 28112-5057
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $308K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Jobs reported:** 18
## Lender
- **Originating:** American Bank of the Carolinas d/b/a American Bank
- **Servicing:** American Bank of the Carolinas d/b/a American Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*