# PPP loan: CORMARC INSURANCE SERVICES INC.
> **$252K** approved 04/29/2020 · Paid in Full · Loan `2605227308`
## Borrower
- **Name:** CORMARC INSURANCE SERVICES INC.
- **Address:** 25220 HANCOCK AVE SUITE 200, MURRIETA, CA, 92562
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 18
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*