# PPP loan: MALACO, INC.
> **$270K** approved 04/15/2020 · Paid in Full · Loan `8537357110`
## Borrower
- **Name:** MALACO, INC.
- **Address:** 3023 WEST NORTHSIDE DR, JACKSON, MS, 39213-4563
- **NAICS:** 512230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Rent:** $40K
- **Utilities:** $27K
- **Jobs reported:** 25
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*