# PPP loan: NORTHERN MECHANICALS INC.
> **$324K** approved 04/07/2020 · Paid in Full · Loan `7218417004`
## Borrower
- **Name:** NORTHERN MECHANICALS INC.
- **Address:** 8449 State Highway 56, NORFOLK, NY, 13667
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $324K
- **Jobs reported:** 18
## Lender
- **Originating:** Community Bank, National Association
- **Servicing:** Community Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*