# PPP loan: MARCO'S RESTAURANT INC.
> **$368K** approved 02/24/2021 · Paid in Full · Loan `3857088507`
## Borrower
- **Name:** MARCO'S RESTAURANT INC.
- **Address:** 115 Elmwood Rd S, Marlton, NJ, 08053-2564
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $372K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $368K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*