# PPP loan: MARTUSCELLI RESTAURANT GROUP, INC.
> **$430K** approved 04/14/2020 · Paid in Full · Loan `7900237110`
## Borrower
- **Name:** MARTUSCELLI RESTAURANT GROUP, INC.
- **Address:** 158 East Main Street, Newark, DE, 19711
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $39K
- **Mortgage interest:** $20K
- **Utilities:** $38K
- **Health care:** $12K
- **Jobs reported:** 110
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*