# PPP loan: TOMCO CONSTRUCTION INC
> **$1.13M** approved 04/10/2020 · Paid in Full · Loan `2086677104`
## Borrower
- **Name:** TOMCO CONSTRUCTION INC
- **Address:** 22 Howard Blvd Suite 204, Mt Arlington, NJ, 07856-1507
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $901K
- **Mortgage interest:** $113K
- **Utilities:** $113K
- **Jobs reported:** 76
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*