# PPP loan: MDB TRANSPORTATION INC.
> **$470K** approved 04/14/2020 · Paid in Full · Loan `6900747105`
## Borrower
- **Name:** MDB TRANSPORTATION INC.
- **Address:** 435 E Weber Ave, Compton, CA, 90222
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $474K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Rent:** $16K
- **Mortgage interest:** $8K
- **Utilities:** $3K
- **Jobs reported:** 45
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*