# PPP loan: MATTHEWS MOTOR COMPANY, INC.
> **$358K** approved 04/07/2020 · Paid in Full · Loan `6521657004`
## Borrower
- **Name:** MATTHEWS MOTOR COMPANY, INC.
- **Address:** 1856 N WILLIAMSON RD, COVINGTON, PA, 16917-9518
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $301K (84%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Rent:** $21K
- **Utilities:** $13K
- **Health care:** $15K
- **Debt interest:** $27K
- **Jobs reported:** 34
## Lender
- **Originating:** First Citizens Community Bank
- **Servicing:** First Citizens Community Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*