# PPP loan: PLASTIC MOLDING TECHNOLOGY INC
> **$1.05M** approved 04/10/2020 · Paid in Full · Loan `1637897103`
## Borrower
- **Name:** PLASTIC MOLDING TECHNOLOGY INC
- **Address:** 12280 Rojas Dr. Unit A, EL PASO, TX, 79936-7713
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $785K
- **Mortgage interest:** $87K
- **Utilities:** $87K
- **Health care:** $87K
- **Jobs reported:** 111
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*