# PPP loan: MARCHETTI DISTRIBUTING COMPANY, INC.
> **$323K** approved 04/10/2020 · Paid in Full · Loan `2001947104`
## Borrower
- **Name:** MARCHETTI DISTRIBUTING COMPANY, INC.
- **Address:** 700 EMELINE ST, SAULT SAINTE MARIE, MI, 49783-1551
- **NAICS:** 424820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $323K
- **Jobs reported:** 32
## Lender
- **Originating:** The State Savings Bank of Manistique
- **Servicing:** The State Savings Bank of Manistique (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*