# PPP loan: I RAUCHS SONS INC PLAN ADMSTR
> **$262K** approved 05/01/2020 · Paid in Full · Loan `1149677707`
## Borrower
- **Name:** I RAUCHS SONS INC PLAN ADMSTR
- **Address:** 3220 112TH ST, EAST ELMHURST, NY, 11369
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Utilities:** $6K
- **Health care:** $40K
- **Jobs reported:** 18
## 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*