# PPP loan: CARTER MECHANICAL INC.
> **$1.48M** approved 04/07/2021 · Paid in Full · Loan `7937778707`
## Borrower
- **Name:** CARTER MECHANICAL INC.
- **Address:** 176 Pennsylvania Ave, Malvern, PA, 19355-2418
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 59
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*