# PPP loan: MCREG INDUSTRIES, INC.
> **$540K** approved 04/15/2020 · Paid in Full · Loan `9692777101`
## Borrower
- **Name:** MCREG INDUSTRIES, INC.
- **Address:** 1600 Broadhollow Rd, FARMINGDALE, NY, 11735
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $547K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 63
## Lender
- **Originating:** Piermont Bank
- **Servicing:** Piermont Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*