# PPP loan: MCNAMARA PUMP & ELECTRIC, INC.
> **$242K** approved 04/09/2020 · Paid in Full · Loan `8894717000`
## Borrower
- **Name:** MCNAMARA PUMP & ELECTRIC, INC.
- **Address:** 120 North Pacific Street,Ste A2, San Marcos, CA, 92069
- **NAICS:** 236118
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 17
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*