# PPP loan: MBI ACQUISITION COMPANY
> **$1.18M** approved 04/10/2020 · Paid in Full · Loan `2493757101`
## Borrower
- **Name:** MBI ACQUISITION COMPANY
- **Address:** 1490 COMFORT LANE, SANFORD, NC, 27330-9687
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 90
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*