# PPP loan: HERBERT LUTZ AND CO. INC.
> **$316K** approved 04/10/2020 · Paid in Full · Loan `1746477105`
## Borrower
- **Name:** HERBERT LUTZ AND CO. INC.
- **Address:** 2020 CLINTON ST, LINDEN, NJ, 07036-3452
- **NAICS:** 486910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $349K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $232K
- **Rent:** $84K
- **Jobs reported:** 27
## Lender
- **Originating:** Paradise Bank
- **Servicing:** Paradise Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*