# PPP loan: MDB, INC.
> **$622K** approved 04/15/2020 · Paid in Full · Loan `8261137101`
## Borrower
- **Name:** MDB, INC.
- **Address:** 1730 Rhode Island Avenue Northwest Suite 1200, Washington, DC, 20036
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $628K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $64K
- **Utilities:** $5K
- **Health care:** $50K
- **Debt interest:** $4K
- **Jobs reported:** 32
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*