# PPP loan: MATERIAL HANDLING SYSTEMS, INC.
> **$395K** approved 04/14/2020 · Paid in Full · Loan `6106347106`
## Borrower
- **Name:** MATERIAL HANDLING SYSTEMS, INC.
- **Address:** 2741 NE 4TH AVENUE, POMPANO BEACH, FL, 33064-5407
- **NAICS:** 333923
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $399K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Jobs reported:** 51
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*