# PPP loan: THE AXEL GROUP LLC
> **$335K** approved 04/15/2020 · Paid in Full · Loan `9235987110`
## Borrower
- **Name:** THE AXEL GROUP LLC
- **Address:** 766 Shrewsbury Avenue Suite E-404, Tinton Falls, NJ, 07724
- **NAICS:** 561311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Health care:** $24K
- **Jobs reported:** 29
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*