# PPP loan: AVELLO BROTHERS CONTRACTORS INC.
> **$207K** approved 02/19/2021 · Paid in Full · Loan `1701508507`
## Borrower
- **Name:** AVELLO BROTHERS CONTRACTORS INC.
- **Address:** 74 Violet Ave Ste 2, Poughkeepsie, NY, 12601-1521
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Rhinebeck Bank
- **Servicing:** Rhinebeck Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*