# PPP loan: CNC MACHINING, INC
> **$173K** approved 04/15/2020 · Paid in Full · Loan `8704317107`
## Borrower
- **Name:** CNC MACHINING, INC
- **Address:** 510 S FAIRVIEW AVE, GOLETA, CA, 93117
- **NAICS:** 332721
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Jobs reported:** 11
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*