# PPP loan: THE MARCOMM DEPARTMENT,  INC.
> **$311K** approved 04/10/2020 · Paid in Full · Loan `1426077104`
## Borrower
- **Name:** THE MARCOMM DEPARTMENT,  INC.
- **Address:** 700 N WASHINGTON AVE UNIT 219, MINNEAPOLIS, MN, 55401-1563
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $313K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Rent:** $58K
- **Mortgage interest:** $14K
- **Utilities:** $7K
- **Jobs reported:** 18
## Lender
- **Originating:** Ashton State Bank
- **Servicing:** Ashton State Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*