# PPP loan: MATTHEWS STUDIO EQUIPMENT, INC
> **$872K** approved 04/05/2020 · Paid in Full · Loan `5318847002`
## Borrower
- **Name:** MATTHEWS STUDIO EQUIPMENT, INC
- **Address:** 4520 W Valerio St, BURBANK, CA, 91505-1046
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $872K
- **Initial approval:** $872K
- **Forgiven:** $880K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $656K
- **Rent:** $167K
- **Mortgage interest:** $35K
- **Utilities:** $14K
- **Jobs reported:** 77
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*