# PPP loan: MARKEL CORPORATION
> **$1.19M** approved 04/11/2020 · Charged Off · Loan `2711687103`
## Borrower
- **Name:** MARKEL CORPORATION
- **Address:** 435 SCHOOL LN, PLYMOUTH MEETING, PA, 19462-2744
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $682K (57%)
- **Forgiveness date:** 04/27/2021
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 81
## Lender
- **Originating:** Univest Bank and Trust Co
- **Servicing:** Univest Bank and Trust Co (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*