# PPP loan: MECHANICAL INSULATION, INC.
> **$828K** approved 04/15/2020 · Paid in Full · Loan `9273737106`
## Borrower
- **Name:** MECHANICAL INSULATION, INC.
- **Address:** 3001 N MARTIN LUTHER KING JR BLVD, LANSING, MI, 48906-2947
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $828K
- **Initial approval:** $828K
- **Forgiven:** $836K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $796K
- **Rent:** $24K
- **Utilities:** $8K
- **Jobs reported:** 37
## Lender
- **Originating:** Michigan State University FCU
- **Servicing:** Michigan State University FCU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*