# PPP loan: MATERIAL HANDLING TECHNOLOGIES INC
> **$391K** approved 04/11/2020 · Paid in Full · Loan `3401467106`
## Borrower
- **Name:** MATERIAL HANDLING TECHNOLOGIES INC
- **Address:** 113 INTERNATIONAL DR, MORRISVILLE, NC, 27560-8792
- **NAICS:** 333922
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $395K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Jobs reported:** 42
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*