# PPP loan: JK MECHANICAL CONTRACTORS, INC
> **$493K** approved 04/15/2020 · Paid in Full · Loan `9454877101`
## Borrower
- **Name:** JK MECHANICAL CONTRACTORS, INC
- **Address:** 240 5th St, NASHWAUK, MN, 55769-1160
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $493K
- **Initial approval:** $550K
- **Forgiven:** $496K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $394K
- **Mortgage interest:** $69K
- **Utilities:** $30K
- **Jobs reported:** 63
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*