# PPP loan: THE MAYATECH CORPORATION
> **$409K** approved 04/15/2020 · Exemption 4 · Loan `1263127209`
## Borrower
- **Name:** THE MAYATECH CORPORATION
- **Address:** 8401 COLESVILLE ROAD, SUITE 430, MD, 20910
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $327K
- **Rent:** $33K
- **Health care:** $39K
- **Debt interest:** $10K
- **Jobs reported:** 32
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*