# PPP loan: BAR MERCADO INC.
> **$324K** approved 01/19/2021 · Paid in Full · Loan `1689078309`
## Borrower
- **Name:** BAR MERCADO INC.
- **Address:** 10305 Medlock Bridge Rd Ste A2, Duluth, GA, 30097-5997
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 06/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** CornerstoneBank, A Division of Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*