# PPP loan: MEGALOS CORPORATION
> **$390K** approved 04/09/2020 · Paid in Full · Loan `8862987006`
## Borrower
- **Name:** MEGALOS CORPORATION
- **Address:** 12 Defense Street, ANNAPOLIS, MD, 21401-3103
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Jobs reported:** 60
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*