# PPP loan: AMERICO GROUP INC
> **$851K** approved 04/16/2020 · Paid in Full · Loan `2320437210`
## Borrower
- **Name:** AMERICO GROUP INC
- **Address:** 1411 BROADWAY, NEW YORK, NY, 10018-3496
- **NAICS:** 315220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $851K
- **Initial approval:** $851K
- **Forgiven:** $858K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $638K
- **Utilities:** $213K
- **Jobs reported:** 53
## Lender
- **Originating:** Israel Discount Bank of New York
- **Servicing:** Israel Discount Bank of New York (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*