# PPP loan: M3BI LLC
> **$1.61M** approved 04/07/2020 · Paid in Full · Loan `7065427005`
## Borrower
- **Name:** M3BI LLC
- **Address:** 7336 E Deer Valley Rd ste 100, SCOTTSDALE, AZ, 85255-4932
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Rent:** $201K
- **Utilities:** $201K
- **Jobs reported:** 96
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*