# PPP loan: MED-PAY, INC.
> **$404K** approved 04/05/2020 · Paid in Full · Loan `5079717000`
## Borrower
- **Name:** MED-PAY, INC.
- **Address:** 1650 E BATTLEFIELD RD SUITE 300, SPRINGFIELD, MO, 65804-3706
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $364K
- **Rent:** $40K
- **Jobs reported:** 44
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*