# PPP loan: MATTERN DISTRIBUTORS INC.
> **$205K** approved 03/15/2021 · Paid in Full · Loan `2556418610`
## Borrower
- **Name:** MATTERN DISTRIBUTORS INC.
- **Address:** 1003 N Parker St, Orange, CA, 92867-5519
- **NAICS:** 311612
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $205K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*