# PPP loan: MUTO TECHNOLOGY, INC.
> **$538K** approved 04/09/2020 · Paid in Full · Loan `9123707004`
## Borrower
- **Name:** MUTO TECHNOLOGY, INC.
- **Address:** 2121 Grand Avenue Parkway, AUSTIN, TX, 78728
- **NAICS:** 334413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $100K
- **Utilities:** $34K
- **Jobs reported:** 41
## Lender
- **Originating:** Texas Partners Bank
- **Servicing:** Texas Partners Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*