# PPP loan: MECHANICAL PLASTICS CORP.
> **$676K** approved 04/15/2020 · Paid in Full · Loan `8340977104`
## Borrower
- **Name:** MECHANICAL PLASTICS CORP.
- **Address:** 110 Richards Avenue, Norwalk, CT, 06854
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $676K
- **Initial approval:** $676K
- **Forgiven:** $681K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Rent:** $57K
- **Utilities:** $4K
- **Health care:** $50K
- **Jobs reported:** 46
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*