# PPP loan: MTC INDUSTRIES INC
> **$562K** approved 04/09/2021 · Paid in Full · Loan `9968558702`
## Borrower
- **Name:** MTC INDUSTRIES INC
- **Address:** 255 Oser Ave, Hauppauge, NY, 11788-3765
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $562K
- **Utilities:** $1
- **Jobs reported:** 72
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*