# PPP loan: MPAY INC.
> **$1.55M** approved 04/28/2020 · Paid in Full · Loan `7528367204`
## Borrower
- **Name:** MPAY INC.
- **Address:** 9920 Kincey Avenue Suite 110, Huntersville, NC, 28078-2401
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Rent:** $386K
- **Jobs reported:** 85
## Lender
- **Originating:** Leader Bank, National Association
- **Servicing:** Leader Bank, National Association (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*