# PPP loan: MATTHEWS INDUSTRIES, INC.
> **$618K** approved 04/15/2020 · Paid in Full · Loan `9257377105`
## Borrower
- **Name:** MATTHEWS INDUSTRIES, INC.
- **Address:** 23 2nd St SW, DECATUR, AL, 35601
- **NAICS:** 333415
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $618K
- **Initial approval:** $618K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $463K
- **Utilities:** $154K
- **Jobs reported:** 62
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*