# PPP loan: MELE ASSOCIATES, INC.
> **$2.53M** approved 04/10/2020 · Paid in Full · Loan `1167717100`
## Borrower
- **Name:** MELE ASSOCIATES, INC.
- **Address:** 11 Taft Court #101, ROCKVILLE, MD, 20850-5319
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.56M (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.53M
- **Jobs reported:** 160
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*