# PPP loan: MTI INC
> **$472K** approved 04/16/2020 · Paid in Full · Loan `2626647206`
## Borrower
- **Name:** MTI INC
- **Address:** 11576 GOLDCOAST DR, CINCINNATI, OH, 45249-1640
- **NAICS:** 811219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $422K (89%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $472K
- **Jobs reported:** 26
## 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*