# PPP loan: PACKAGE DEVELOPMENT COMPANY, INC
> **$245K** approved 06/23/2020 · Paid in Full · Loan `1981578009`
## Borrower
- **Name:** PACKAGE DEVELOPMENT COMPANY, INC
- **Address:** 100 Roundhill Road, Rockaway, NJ, 07866
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $250K (102%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 30
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Fed ¿ Kabbage (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*