# PPP loan: MECHANICAL INDUSTRIES INC
> **$899K** approved 03/05/2021 · Paid in Full · Loan `7367358500`
## Borrower
- **Name:** MECHANICAL INDUSTRIES INC
- **Address:** 314 Yampa St, Bakersfield, CA, 93307-2722
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $899K
- **Initial approval:** $899K
- **Forgiven:** $906K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $899K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*