# PPP loan: MACADAM COMPANY INC.
> **$1.66M** approved 01/23/2021 · Paid in Full · Loan `4803848302`
## Borrower
- **Name:** MACADAM COMPANY INC.
- **Address:** 26 N Bacton Hill Rd, Malvern, PA, 19355-1006
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.66M
- **Utilities:** $1
- **Jobs reported:** 93
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*