# PPP loan: MAC AND BOB'S
> **$259K** approved 04/08/2020 · Paid in Full · Loan `7824287002`
## Borrower
- **Name:** MAC AND BOB'S
- **Address:** 316 East Main Street, SALEM, VA, 24153-4323
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Mortgage interest:** $39K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 102
## Lender
- **Originating:** Bank of Botetourt
- **Servicing:** Bank of Botetourt (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*