# PPP loan: MARTIN INSURANCE SERVICES, INC.
> **$991K** approved 04/15/2020 · Paid in Full · Loan `1133147206`
## Borrower
- **Name:** MARTIN INSURANCE SERVICES, INC.
- **Address:** 259 Prospect Plains Road, Cranbury, NJ, 08512
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $991K
- **Initial approval:** $991K
- **Forgiven:** $998K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $867K
- **Rent:** $89K
- **Utilities:** $4K
- **Health care:** $31K
- **Jobs reported:** 66
## Lender
- **Originating:** Bankwell Bank
- **Servicing:** Bankwell Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*