# PPP loan: MARRAKECH INC
> **$1.61M** approved 05/02/2021 · Paid in Full · Loan `6413728904`
## Borrower
- **Name:** MARRAKECH INC
- **Address:** 6 Lunar Dr, Woodbridge, CT, 06525-2322
- **NAICS:** 623210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 266
## Lender
- **Originating:** Newtown Savings Bank
- **Servicing:** Newtown Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*