# PPP loan: PROCOAT PAINTING INC.
> **$175K** approved 04/10/2020 · Paid in Full · Loan `2559837105`
## Borrower
- **Name:** PROCOAT PAINTING INC.
- **Address:** 44 CHARDONNAY DR, CORAM, NY, 11727
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $173K (99%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $3K
- **Utilities:** $970
- **Jobs reported:** 17
## 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*