# PPP loan: AG DISTRIBUTORS & SUPPLIES CORPORATION
> **$510K** approved 05/01/2020 · Paid in Full · Loan `1397427701`
## Borrower
- **Name:** AG DISTRIBUTORS & SUPPLIES CORPORATION
- **Address:** 1540 DEKALB AVE, BROOKLYN, NY, 11237
- **NAICS:** 444130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $408K
- **Rent:** $89K
- **Utilities:** $13K
- **Jobs reported:** 60
## 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*