# PPP loan: MGD QUIPTECH INC
> **$225K** approved 04/11/2020 · Paid in Full · Loan `2947627103`
## Borrower
- **Name:** MGD QUIPTECH INC
- **Address:** 2453 East Cumberland ST, Lebanon, PA, 17042-9214
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $56K
- **Jobs reported:** 15
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*