# PPP loan: BENCO CONSTRUCTION INC
> **$162K** approved 05/01/2020 · Paid in Full · Loan `1993957703`
## Borrower
- **Name:** BENCO CONSTRUCTION INC
- **Address:** 8 CONCORD RD, ARDSLEY, NY, 10502
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $172K
- **Forgiven:** $165K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $2K
- **Utilities:** $2K
- **Health care:** $28K
- **Jobs reported:** 15
## 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*