# PPP loan: CORONET INC
> **$2.30M** approved 04/09/2020 · Paid in Full · Loan `1092007104`
## Borrower
- **Name:** CORONET INC
- **Address:** 55 Shepherds Lane 0.0, Totowa, NJ, 07512-2130
- **NAICS:** 335931
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.30M
- **Initial approval:** $2.30M
- **Forgiven:** $2.33M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.59M
- **Rent:** $215K
- **Utilities:** $42K
- **Health care:** $363K
- **Debt interest:** $92K
- **Jobs reported:** 254
## 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*