# PPP loan: MT DISTRIBUTION LLC
> **$203K** approved 04/16/2020 · Paid in Full · Loan `2550227201`
## Borrower
- **Name:** MT DISTRIBUTION LLC
- **Address:** 912 SE 46th Ln 204, CAPE CORAL, FL, 33904
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $51K
- **Jobs reported:** 34
## 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*