# PPP loan: MARATHON PARADISE INC
> **$698K** approved 04/28/2020 · Exemption 4 · Loan `1101577310`
## Borrower
- **Name:** MARATHON PARADISE INC
- **Address:** 12648 OVERSEAS HWY, MARATHON, FL, 33050
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $698K
- **Initial approval:** $698K
- **Forgiven:** $344K (49%)
- **Forgiveness date:** 01/04/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $698K
- **Jobs reported:** 86
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*