# PPP loan: MTC FINANCIAL INC.
> **$1.23M** approved 04/27/2020 · Paid in Full · Loan `6085757209`
## Borrower
- **Name:** MTC FINANCIAL INC.
- **Address:** 17100 GILLETTE AVE, IRVINE, CA, 92614
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.25M (102%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 97
## 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*