# PPP loan: DEMARCO MACHINE LTD.
> **$741K** approved 04/28/2020 · Exemption 4 · Loan `9298737200`
## Borrower
- **Name:** DEMARCO MACHINE LTD.
- **Address:** 6750 McHard Road, Houston, TX, 77053
- **NAICS:** 333132
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $741K
- **Initial approval:** $741K
- **Forgiven:** $623K (84%)
- **Forgiveness date:** 11/25/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $741K
- **Jobs reported:** 64
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*