# PPP loan: MAX MARINE ELECTRONICS INC
> **$195K** approved 04/27/2020 · Paid in Full · Loan `5264387206`
## Borrower
- **Name:** MAX MARINE ELECTRONICS INC
- **Address:** 2185 North Powerline Road, Pompano Beach, FL, 33069
- **NAICS:** 441222
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $23K
- **Utilities:** $2K
- **Health care:** $10K
- **Jobs reported:** 20
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*