# PPP loan: AMERICAN MECHANICAL INC.
> **$499K** approved 01/27/2021 · Paid in Full · Loan `7063468303`
## Borrower
- **Name:** AMERICAN MECHANICAL INC.
- **Address:** 1275 Boulevard Way, Walnut Creek, CA, 94595-1106
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $499K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*