# PPP loan: MTCC, INC
> **$736K** approved 04/14/2020 · Paid in Full · Loan `5844827105`
## Borrower
- **Name:** MTCC, INC
- **Address:** 8850 Terrene Ct, BONITA SPRINGS, FL, 34135-9524
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $736K
- **Initial approval:** $736K
- **Forgiven:** $743K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $100K
- **Utilities:** $26K
- **Health care:** $10K
- **Jobs reported:** 205
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*