# PPP loan: MDR SPECIALTY DISTRIBUTION CORPORATION
> **$154K** approved 04/08/2020 · Paid in Full · Loan `7968677000`
## Borrower
- **Name:** MDR SPECIALTY DISTRIBUTION CORPORATION
- **Address:** 230 ENTERPRISE DR, NEWPORT NEWS, VA, 23603-1300
- **NAICS:** 423450
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $133K
- **Rent:** $21K
- **Jobs reported:** 13
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*