# PPP loan: MARGOTS CHAIR INC
> **$256K** approved 02/03/2021 · Paid in Full · Loan `2271378400`
## Borrower
- **Name:** MARGOTS CHAIR INC
- **Address:** 3415 11th St NW, Washington, DC, 20010-2005
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $256K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Forbright Bank
- **Servicing:** Forbright Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*