# PPP loan: MCM ELECTRIC INC.
> **$163K** approved 04/09/2020 · Paid in Full · Loan `9019607009`
## Borrower
- **Name:** MCM ELECTRIC INC.
- **Address:** 49 Hall Quarry Rd, MOUNT DESERT, ME, 04660-6525
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 15
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*