# PPP loan: VARELLI REBAR LLC
> **$372K** approved 01/25/2021 · Paid in Full · Loan `5722798303`
## Borrower
- **Name:** VARELLI REBAR LLC
- **Address:** 26 Colliery Dr, Thurmont, MD, 21788-3104
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $353K (95%)
- **Forgiveness date:** 06/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*