# PPP loan: THE INCEPTION COMPANY, LLC
> **$893K** approved 05/01/2020 · Paid in Full · Loan `1535997707`
## Borrower
- **Name:** THE INCEPTION COMPANY, LLC
- **Address:** 14 MADISON RD UNIT G, PARSIPPANY, NJ, 07054
- **NAICS:** 512110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $893K
- **Initial approval:** $893K
- **Forgiven:** $901K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $825K
- **Rent:** $25K
- **Utilities:** $12K
- **Health care:** $13K
- **Debt interest:** $18K
- **Jobs reported:** 57
## 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*