# PPP loan: ARDEL CONSTRUCTION & DESIGN GROUP CORP
> **$338K** approved 05/01/2020 · Paid in Full · Loan `2053707703`
## Borrower
- **Name:** ARDEL CONSTRUCTION & DESIGN GROUP CORP
- **Address:** 2 DOGWOOD DR, WEST ORANGE, NJ, 07052
- **NAICS:** 999990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Rent:** $33K
- **Utilities:** $6K
- **Health care:** $21K
- **Jobs reported:** 37
## 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*