# PPP loan: PROMONTORY DEVELOPMENT, LLC
> **$1.96M** approved 04/10/2020 · Paid in Full · Loan `2042427108`
## Borrower
- **Name:** PROMONTORY DEVELOPMENT, LLC
- **Address:** 3200 E. Camelback Rd. Suite 295 0.0, Phoenix,, AZ, 85018-2343
- **NAICS:** 713910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Rent:** $85K
- **Utilities:** $152K
- **Health care:** $120K
- **Jobs reported:** 196
## 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*