# PPP loan: MARCOTTE INC
> **$333K** approved 04/06/2020 · Paid in Full · Loan `5677497006`
## Borrower
- **Name:** MARCOTTE INC
- **Address:** 7793 Richmond Rd, TOANO, VA, 23168-9022
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $273K
- **Rent:** $40K
- **Utilities:** $6K
- **Health care:** $9K
- **Debt interest:** $5K
- **Jobs reported:** 22
## Lender
- **Originating:** Blue Ridge Bank National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*