# PPP loan: M & R DISTRIBUTION LLC
> **$150K** approved 01/21/2021 · Paid in Full · Loan `2897048310`
## Borrower
- **Name:** M & R DISTRIBUTION LLC
- **Address:** 110 East 27th Streer, Paterson, NJ, 07514
- **NAICS:** 488490
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*