# PPP loan: MARGO STATE LINE, INC
> **$337K** approved 04/11/2020 · Paid in Full · Loan `3421117103`
## Borrower
- **Name:** MARGO STATE LINE, INC
- **Address:** 2562 Cabot Commerce Drive, JACKSONVILLE, FL, 32226-5602
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $337K
- **Initial approval:** $337K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Mortgage interest:** $42K
- **Utilities:** $42K
- **Jobs reported:** 48
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*