# PPP loan: MARGERT COMMUNITY CORPORATION
> **$188K** approved 05/13/2020 · Paid in Full · Loan `6036447410`
## Borrower
- **Name:** MARGERT COMMUNITY CORPORATION
- **Address:** 325 Beach 37th St, FAR ROCKAWAY, NY, 11691
- **NAICS:** 813410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Health care:** $13K
- **Jobs reported:** 9
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*