# PPP loan: MARATHON ELECTRIC, LLC
> **$205K** approved 04/08/2020 · Paid in Full · Loan `7845137002`
## Borrower
- **Name:** MARATHON ELECTRIC, LLC
- **Address:** 6646 s COTTONWOOD ST, SALT LAKE CITY, UT, 84107-7010
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $205K
- **Initial approval:** $162K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Utilities:** $52K
- **Jobs reported:** 19
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*