# PPP loan: RISE CONCRETE LLC
> **$1.01M** approved 02/03/2021 · Charged Off · Loan `2506428408`
## Borrower
- **Name:** RISE CONCRETE LLC
- **Address:** 2737 Ocean Ave # 2, Brooklyn, NY, 11229-4707
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $842K (83%)
- **Forgiveness date:** 01/26/2022
- **Status:** Charged Off
- **Term:** 25 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 78
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*