# PPP loan: MARCELO'S LP
> **$417K** approved 05/08/2020 · Paid in Full · Loan `4255147404`
## Borrower
- **Name:** MARCELO'S LP
- **Address:** 9502 Ramirez Lane, Austin, TX, 78742
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $417K
- **Initial approval:** $417K
- **Forgiven:** $424K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $417K
- **Jobs reported:** 74
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*