# PPP loan: GERARD CONSTRUCTION CORP
> **$437K** approved 05/04/2020 · Exemption 4 · Loan `1398547410`
## Borrower
- **Name:** GERARD CONSTRUCTION CORP
- **Address:** 4900 ROUTE 33 SUITE 101, NEPTUNE, NJ, 07753
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $432K (99%)
- **Forgiveness date:** 06/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 23
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*