# PPP loan: GRASSO BROS GENERAL CONTRACTING INC
> **$334K** approved 05/01/2020 · Paid in Full · Loan `1587777702`
## Borrower
- **Name:** GRASSO BROS GENERAL CONTRACTING INC
- **Address:** CONTRACTING INC 270 N AVE, NEW ROCHELLE, NY, 10801
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Utilities:** $4K
- **Health care:** $62K
- **Jobs reported:** 21
## 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*