# PPP loan: MACKAY COMMUNICATIONS INC
> **$3.05M** approved 05/01/2020 · Paid in Full · Loan `3889557700`
## Borrower
- **Name:** MACKAY COMMUNICATIONS INC
- **Address:** 3691 TRUST DRIVE, RALEIGH, NC, 27616
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.05M
- **Initial approval:** $3.05M
- **Forgiven:** $3.09M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.05M
- **Jobs reported:** 170
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*