# PPP loan: MECHANICAL SYSTEMS INC
> **$733K** approved 04/14/2020 · Paid in Full · Loan `7843287106`
## Borrower
- **Name:** MECHANICAL SYSTEMS INC
- **Address:** 10220 Old Columbia Road, Suite L, COLUMBIA, MD, 21046
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $733K
- **Initial approval:** $733K
- **Forgiven:** $741K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Utilities:** $183K
- **Jobs reported:** 20
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*