# PPP loan: MICRO DISTRIBUTING II LTD.
> **$208K** approved 04/06/2020 · Paid in Full · Loan `5964377008`
## Borrower
- **Name:** MICRO DISTRIBUTING II LTD.
- **Address:** 620 KENNEDY CT, BELTON, TX, 76513-4140
- **NAICS:** 423450
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $211K (102%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $26K
- **Utilities:** $26K
- **Jobs reported:** 14
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*