# PPP loan: MSB DEVELOPMENT INC.
> **$165K** approved 02/01/2021 · Paid in Full · Loan `1156988406`
## Borrower
- **Name:** MSB DEVELOPMENT INC.
- **Address:** 208 Beech St, Wilmington, NC, 28405-4120
- **NAICS:** 238910
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (100%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 10
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*