# PPP loan: MTI BIOTECH INCORPORATED
> **$199K** approved 04/27/2020 · Paid in Full · Loan `6201377200`
## Borrower
- **Name:** MTI BIOTECH INCORPORATED
- **Address:** 2711 South Loop Dr Ste 4400, AMES, IA, 50010-8648
- **NAICS:** 311999
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Jobs reported:** 14
## Lender
- **Originating:** City State Bank
- **Servicing:** City State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*