# PPP loan: MAURER & SCOTT INC
> **$1.76M** approved 04/14/2020 · Paid in Full · Loan `7217777103`
## Borrower
- **Name:** MAURER & SCOTT INC
- **Address:** 122 E Thomas St, Coopersburg, PA, 18036
- **NAICS:** 325920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.76M
- **Initial approval:** $1.76M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.32M
- **Rent:** $219K
- **Utilities:** $219K
- **Jobs reported:** 118
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*