# PPP loan: MARTELLI DEVELOPMENT GROUP LLC
> **$196K** approved 02/12/2021 · Paid in Full · Loan `7565398404`
## Borrower
- **Name:** MARTELLI DEVELOPMENT GROUP LLC
- **Address:** 716 Newman Springs Rd PMB 367, Lincroft, NJ, 07738-1523
- **NAICS:** 236117
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 14
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*