# PPP loan: MTD INC
> **$169K** approved 04/30/2020 · Paid in Full · Loan `4876507310`
## Borrower
- **Name:** MTD INC
- **Address:** 1086 MECHEM DR, RUIDOSO, NM, 88345
- **NAICS:** 561499
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $163K (96%)
- **Forgiveness date:** 12/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $169K
- **Jobs reported:** 11
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*