# PPP loan: GHIORSI & SORRENTI INC
> **$245K** approved 02/18/2021 · Paid in Full · Loan `1029328502`
## Borrower
- **Name:** GHIORSI & SORRENTI INC
- **Address:** 517 Normandy Dr, Mantoloking, NJ, 08738-1904
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*