# PPP loan: MTC DIRECT INC.
> **$312K** approved 04/10/2020 · Paid in Full · Loan `1218687105`
## Borrower
- **Name:** MTC DIRECT INC.
- **Address:** 17837 ROWLAND ST, CITY OF INDUSTRY, CA, 91748-1122
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $293K (94%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 26
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*