# PPP loan: KARL LLC
> **$530K** approved 04/07/2020 · Paid in Full · Loan `7138437010`
## Borrower
- **Name:** KARL LLC
- **Address:** 11501 Maid at Arms Ln, BERLIN, MD, 21811-1647
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $536K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $424K
- **Mortgage interest:** $79K
- **Utilities:** $26K
- **Jobs reported:** 42
## Lender
- **Originating:** Hebron Savings Bank
- **Servicing:** Hebron Savings Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*