# PPP loan: MERAS ENGINEERING INC.
> **$530K** approved 04/28/2020 · Paid in Full · Loan `7171197208`
## Borrower
- **Name:** MERAS ENGINEERING INC.
- **Address:** 4213 TECHNOLOGY DR, MODESTO, CA, 95356
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $536K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Jobs reported:** 33
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*