# PPP loan: MATRIX DISTRIBUTORS INC
> **$384K** approved 02/01/2021 · Paid in Full · Loan `1298488404`
## Borrower
- **Name:** MATRIX DISTRIBUTORS INC
- **Address:** 410 North Ave E # 450, Cranford, NJ, 07016-2437
- **NAICS:** 424210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 06/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Utilities:** $1
- **Jobs reported:** 54
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*