# PPP loan: MARTEL CONSTRUCTION INC
> **$2.42M** approved 04/07/2020 · Paid in Full · Loan `6925267001`
## Borrower
- **Name:** MARTEL CONSTRUCTION INC
- **Address:** 1203 S CHURCH AVE, BOZEMAN, MT, 59715-5801
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.42M
- **Initial approval:** $2.42M
- **Forgiven:** $2.46M (102%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.82M
- **Rent:** $364K
- **Utilities:** $242K
- **Jobs reported:** 152
## Lender
- **Originating:** Glacier Bank
- **Servicing:** Glacier Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*