# PPP loan: MOBAC, INC.
> **$205K** approved 04/14/2020 · Paid in Full · Loan `7487107101`
## Borrower
- **Name:** MOBAC, INC.
- **Address:** 500 N WALNUT ROAD, KENNETT SQUARE, PA, 19348-1714
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $8K
- **Health care:** $16K
- **Jobs reported:** 10
## 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*