# PPP loan: MOTORS, DRIVES & CONTROLS, INC.
> **$157K** approved 04/06/2020 · Paid in Full · Loan `6116587003`
## Borrower
- **Name:** MOTORS, DRIVES & CONTROLS, INC.
- **Address:** 2398 NORTH PENN RD, HATFIELD, PA, 19440-1907
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 11
## Lender
- **Originating:** Univest Bank and Trust Co
- **Servicing:** Univest Bank and Trust Co (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*