# PPP loan: MFT LOGISTICS LLC
> **$180K** approved 05/01/2020 · Charged Off · Loan `2070057700`
## Borrower
- **Name:** MFT LOGISTICS LLC
- **Address:** 2024 Fieldhouse Ave, ELKHART, IN, 46517
- **NAICS:** 488999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $190K
- **Forgiven:** $17K (10%)
- **Forgiveness date:** 03/23/2022
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $6K
- **Utilities:** $2K
- **Debt interest:** $3K
- **Jobs reported:** 16
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*