# PPP loan: MOTECH CORPORATION
> **$275K** approved 04/28/2020 · Paid in Full · Loan `7970347201`
## Borrower
- **Name:** MOTECH CORPORATION
- **Address:** 2860 CALIFORNIA ST, TORRANCE, CA, 90503-3908
- **NAICS:** 454110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 28
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*