# PPP loan: MECHANICAL RESEARCH & DESIGN INC
> **$337K** approved 01/28/2021 · Paid in Full · Loan `7520388310`
## Borrower
- **Name:** MECHANICAL RESEARCH & DESIGN INC
- **Address:** 7511 Center Rd, Manitowoc, WI, 54220-9103
- **NAICS:** 339991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $337K
- **Initial approval:** $337K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $337K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Bank First, N.A.
- **Servicing:** Bank First, N.A. (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*