# PPP loan: MADONNA TERRACE LLC
> **$347K** approved 05/18/2021 · Exemption 4 · Loan `3471849002`
## Borrower
- **Name:** MADONNA TERRACE LLC
- **Address:** 13305 Burkhart St, Silver Spring, MD, 20904-3228
- **NAICS:** 623312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $93K (27%)
- **Forgiveness date:** 02/14/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $347K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Community Federal Savings Bank
- **Servicing:** Community Federal Savings Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*