# PPP loan: MEC, INC.
> **$824K** approved 04/07/2020 · Paid in Full · Loan `7199027009`
## Borrower
- **Name:** MEC, INC.
- **Address:** 4919 CONTRACTOR ROAD, EDWARDS, CA, 93523-0001
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $824K
- **Initial approval:** $824K
- **Forgiven:** $829K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $781K
- **Mortgage interest:** $3K
- **Utilities:** $40K
- **Jobs reported:** 87
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*