# PPP loan: MELTECH CORP INC
> **$1.22M** approved 02/19/2021 · Paid in Full · Loan `1994378508`
## Borrower
- **Name:** MELTECH CORP INC
- **Address:** 3321 75th Ave 3321 75th Ave, Landover, MD, 20785-1519
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 57
## Lender
- **Originating:** PNC Bank, National Association
- **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*