# PPP loan: MTI SYSTEMS
> **$436K** approved 06/17/2020 · Paid in Full · Loan `7642097907`
## Borrower
- **Name:** MTI SYSTEMS
- **Address:** 7501 Greenway Center Dr suite 805, Greenbelt, MD, 20771
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $436K
- **Initial approval:** $436K
- **Forgiven:** $442K (101%)
- **Forgiveness date:** 11/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $436K
- **Jobs reported:** 22
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*