# PPP loan: MBC INC
> **$258K** approved 04/06/2020 · Paid in Full · Loan `5805987006`
## Borrower
- **Name:** MBC INC
- **Address:** 1853 GORDON HWY, AUGUSTA, GA, 30904-2601
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Mortgage interest:** $26K
- **Utilities:** $26K
- **Jobs reported:** 27
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*