# PPP loan: MTB MECHANICAL INC.
> **$1.73M** approved 04/27/2020 · Paid in Full · Loan `4977787203`
## Borrower
- **Name:** MTB MECHANICAL INC.
- **Address:** 1201 INDUSTRIAL DR, MATTHEWS, NC, 28105-5311
- **NAICS:** 423730
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.73M
- **Jobs reported:** 160
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*