# PPP loan: MACONIT, INC.
> **$1.45M** approved 04/27/2020 · Paid in Full · Loan `6311797209`
## Borrower
- **Name:** MACONIT, INC.
- **Address:** 10703 OLD SQUAWS LN, CHESTERFIELD, VA, 23838-5291
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.12M (77%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Jobs reported:** 75
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*