# PPP loan: MB INDUSTRIES, INC.
> **$189K** approved 04/07/2020 · Paid in Full · Loan `6638777009`
## Borrower
- **Name:** MB INDUSTRIES, INC.
- **Address:** 619 E MAIN ST, AKRON, IN, 46910-9509
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $16K
- **Utilities:** $12K
- **Jobs reported:** 27
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*