# PPP loan: MECHANICAL TECHNOLOGY SYSTEMS, INC.
> **$420K** approved 05/15/2020 · Paid in Full · Loan `6959327407`
## Borrower
- **Name:** MECHANICAL TECHNOLOGY SYSTEMS, INC.
- **Address:** 1407 N. BATAVIA ST #117, ORANGE, CA, 92867-3525
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $469K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 27
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*