# PPP loan: NEW LINE MECHANICAL INC
> **$1.05M** approved 01/29/2021 · Paid in Full · Loan `8655818310`
## Borrower
- **Name:** NEW LINE MECHANICAL INC
- **Address:** 1527 Voll Dr NW, Byron, MN, 55920-1579
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (100%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Think Mutual Bank
- **Servicing:** Think Mutual Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*