# PPP loan: MBC INSULATION INC. N.J.
> **$636K** approved 05/01/2020 · Exemption 4 · Loan `4265707704`
## Borrower
- **Name:** MBC INSULATION INC. N.J.
- **Address:** 560 SYLVAN AVE, ENGLEWOOD CLIFFS, NJ, 07632
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $636K
- **Initial approval:** $636K
- **Forgiven:** $483K (76%)
- **Forgiveness date:** 02/07/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $636K
- **Jobs reported:** 20
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*