# PPP loan: MAT-PAC INC.
> **$160K** approved 02/08/2021 · Paid in Full · Loan `5322708408`
## Borrower
- **Name:** MAT-PAC INC.
- **Address:** 404 Candlewood Cmns, Howell, NJ, 07731-2171
- **NAICS:** 322291
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 9
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*