# PPP loan: MTS TOWING INC
> **$246K** approved 04/08/2020 · Paid in Full · Loan `8554457009`
## Borrower
- **Name:** MTS TOWING INC
- **Address:** 480 CHANCELLOR AVE, IRVINGTON, NJ, 07111-4001
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Rent:** $25K
- **Utilities:** $12K
- **Jobs reported:** 27
## Lender
- **Originating:** First Financial FCU
- **Servicing:** First Financial FCU (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*