# PPP loan: MBI DIRECT MAIL, INC.
> **$1.00M** approved 04/11/2020 · Paid in Full · Loan `3174487100`
## Borrower
- **Name:** MBI DIRECT MAIL, INC.
- **Address:** 710 W NEW HAMPSHIRE AVE, DELAND, FL, 32720-7231
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $803K
- **Rent:** $13K
- **Mortgage interest:** $20K
- **Utilities:** $37K
- **Health care:** $90K
- **Debt interest:** $41K
- **Jobs reported:** 115
## Lender
- **Originating:** Cogent Bank
- **Servicing:** Cogent Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*