# PPP loan: MECTRON ENGINEERING COMPANY, INC.
> **$369K** approved 04/15/2020 · Paid in Full · Loan `8931327110`
## Borrower
- **Name:** MECTRON ENGINEERING COMPANY, INC.
- **Address:** 400 INDUSTRIAL DR, SALINE, MI, 48176-9497
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $373K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 24
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*