# PPP loan: MARX OPTICAL INC
> **$634K** approved 03/25/2021 · Paid in Full · Loan `9318848606`
## Borrower
- **Name:** MARX OPTICAL INC
- **Address:** 2620 Centron Dr SW, Decatur, AL, 35603-2500
- **NAICS:** 621320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 01/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $634K
- **Utilities:** $1
- **Jobs reported:** 63
## Lender
- **Originating:** Peoples Bank of Alabama
- **Servicing:** Peoples Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*