# PPP loan: J AND S CONCRETE INC
> **$173K** approved 03/13/2021 · Charged Off · Loan `1239948607`
## Borrower
- **Name:** J AND S CONCRETE INC
- **Address:** 75-77 ROME ST, NEWARK, NJ, 07105
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $130K (75%)
- **Forgiveness date:** 06/01/2022
- **Status:** Charged Off
- **Term:** 44 months
## Use of funds
- **Payroll:** $173K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*