# PPP loan: DISTRIBUTION ONE, INC.
> **$631K** approved 04/11/2020 · Paid in Full · Loan `2682607101`
## Borrower
- **Name:** DISTRIBUTION ONE, INC.
- **Address:** 4004 CHURCH RD, MOUNT LAUREL, NJ, 08054-1110
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $631K
- **Initial approval:** $631K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $631K
- **Jobs reported:** 45
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*