# PPP loan: MALAMUT & ASSOCIATES
> **$550K** approved 04/09/2020 · Paid in Full · Loan `9364087009`
## Borrower
- **Name:** MALAMUT & ASSOCIATES
- **Address:** 457 Haddonfield Road Suite 500, Cherry Hill, NJ, 08002-2201
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $587K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $50K
- **Mortgage interest:** $50K
- **Utilities:** $30K
- **Jobs reported:** 37
## Lender
- **Originating:** Fulton Bank National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*