# PPP loan: MULTITECH MECHANICAL SUPPORT INC
> **$1.90M** approved 05/22/2020 · Paid in Full · Loan `1872797805`
## Borrower
- **Name:** MULTITECH MECHANICAL SUPPORT INC
- **Address:** 204 Independent Dr, SANFORD, NC, 27330-9265
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.92M (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Mortgage interest:** $238K
- **Utilities:** $238K
- **Jobs reported:** 300
## Lender
- **Originating:** Benchmark Community Bank
- **Servicing:** Benchmark Community Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*