# PPP loan: FARAGALLA & ASSOCIATES, LLC
> **$265K** approved 04/12/2020 · Paid in Full · Loan `3822047107`
## Borrower
- **Name:** FARAGALLA & ASSOCIATES, LLC
- **Address:** 9099 Ridgefield Drive # 204, FREDERICK, MD, 21701-6713
- **NAICS:** 541211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Rent:** $10K
- **Health care:** $27K
- **Jobs reported:** 23
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*