# PPP loan: ULTIMA CONSTRUCTION, INC.
> **$177K** approved 05/05/2020 · Exemption 4 · Loan `1976677406`
## Borrower
- **Name:** ULTIMA CONSTRUCTION, INC.
- **Address:** 440 Sylvan Ave, Suite 250, ENGLEWOOD CLIFFS, NJ, 07632-2700
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $93K (52%)
- **Forgiveness date:** 01/06/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $2K
- **Utilities:** $809
- **Health care:** $8K
- **Jobs reported:** 29
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*