# PPP loan: MBT WORLDWIDE, INC.
> **$472K** approved 04/08/2020 · Paid in Full · Loan `7985137004`
## Borrower
- **Name:** MBT WORLDWIDE, INC.
- **Address:** 951 EAST ST, TEWKSBURY, MA, 01876-1453
- **NAICS:** 485113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Rent:** $18K
- **Utilities:** $5K
- **Health care:** $15K
- **Debt interest:** $34K
- **Jobs reported:** 30
## Lender
- **Originating:** The Lowell Five Cent Savings Bank
- **Servicing:** The Lowell Five Cent Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*