# PPP loan: ALTO-SHAAM, INC.
> **$7.20M** approved 04/09/2020 · Paid in Full · Loan `1033757106`
## Borrower
- **Name:** ALTO-SHAAM, INC.
- **Address:** W164 N9221 Water Street 0.0, Menomonee Falls, WI, 53051-0450
- **NAICS:** 333318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.20M
- **Initial approval:** $7.20M
- **Forgiven:** $7.30M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.00M
- **Rent:** $30K
- **Mortgage interest:** $40K
- **Utilities:** $130K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*