# PPP loan: MAECO FABRICATION INC.
> **$229K** approved 04/07/2020 · Paid in Full · Loan `7254277007`
## Borrower
- **Name:** MAECO FABRICATION INC.
- **Address:** 12530 SAEGER RD, GRAND BAY, AL, 36541-5720
- **NAICS:** 238390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 27
## Lender
- **Originating:** Merchants & Marine Bank
- **Servicing:** Merchants & Marine Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*