# PPP loan: MB EQUIPMENT INC
> **$250K** approved 04/13/2020 · Paid in Full · Loan `5485467101`
## Borrower
- **Name:** MB EQUIPMENT INC
- **Address:** 11800 Monarch St, Garden Grove, CA, 92841-2113
- **NAICS:** 333914
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $250K
- **Initial approval:** $417K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 28
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*