# PPP loan: TRUE MECHANICAL CORP.
> **$523K** approved 04/08/2020 · Paid in Full · Loan `8730307010`
## Borrower
- **Name:** TRUE MECHANICAL CORP.
- **Address:** 20 Feldland St., BOHEMIA, NY, 11716-2410
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Rent:** $105K
- **Jobs reported:** 37
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*