# PPP loan: MTC STUDIO DESIGNS LLC
> **$150K** approved 04/08/2020 · Paid in Full · Loan `8121117006`
## Borrower
- **Name:** MTC STUDIO DESIGNS LLC
- **Address:** 753 S 1100 W, WOODS CROSS, UT, 84087-2002
- **NAICS:** 337122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Mortgage interest:** $15K
- **Utilities:** $15K
- **Jobs reported:** 18
## Lender
- **Originating:** Deseret First FCU
- **Servicing:** Deseret First FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*