# PPP loan: FADARO FOODS CORP.
> **$250K** approved 05/01/2020 · Paid in Full · Loan `2423647707`
## Borrower
- **Name:** FADARO FOODS CORP.
- **Address:** P. O. Box 63, HAWORTH, NJ, 07641-0063
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $35K
- **Utilities:** $13K
- **Health care:** $2K
- **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*