# PPP loan: MECHANICS PLANING MILL, INC
> **$606K** approved 04/09/2020 · Paid in Full · Loan `9408317009`
## Borrower
- **Name:** MECHANICS PLANING MILL, INC
- **Address:** 1 COTTONWOOD INDUSTRIAL PARK, GLEN CARBON, IL, 62034-2742
- **NAICS:** 321918
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $606K
- **Forgiven:** $612K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $606K
- **Jobs reported:** 25
## Lender
- **Originating:** Bank of Springfield
- **Servicing:** Bank of Springfield (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*