# PPP loan: THERMAL MECHANICAL INC.
> **$1.51M** approved 04/21/2021 · Paid in Full · Loan `7427478809`
## Borrower
- **Name:** THERMAL MECHANICAL INC.
- **Address:** 425 Aldo Ave, Santa Clara, CA, 95054-2302
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.51M
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Technology CU
- **Servicing:** Technology CU (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*