# PPP loan: MPOWER TECHNOLOGIES, INC
> **$185K** approved 04/05/2020 · Paid in Full · Loan `5101547005`
## Borrower
- **Name:** MPOWER TECHNOLOGIES, INC
- **Address:** 126 Woodward Avenue, IRON MOUNTAIN, MI, 49801-4735
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $186K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $30K
- **Mortgage interest:** $1K
- **Utilities:** $6K
- **Jobs reported:** 12
## Lender
- **Originating:** First National Bank & Trust Co
- **Servicing:** First National Bank & Trust Co (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*