# PPP loan: MBC INSULATION INC. N.J.
> **$646K** approved 03/12/2021 · Exemption 4 · Loan `9765268502`
## Borrower
- **Name:** MBC INSULATION INC. N.J.
- **Address:** 560 Sylvan Ave, Englewood Cliffs, NJ, 07632-3119
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $646K
- **Initial approval:** $646K
- **Forgiven:** $583K (90%)
- **Forgiveness date:** 02/22/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $646K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*