# PPP loan: MB ERECTORS, INC.
> **$163K** approved 05/12/2020 · Paid in Full · Loan `5516927406`
## Borrower
- **Name:** MB ERECTORS, INC.
- **Address:** 2730 Main Street, Millbrook, AL, 36054
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (102%)
- **Forgiveness date:** 11/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 22
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*