# PPP loan: DEVELOPERS FUNDING COMPANY
> **$1.50M** approved 04/11/2020 · Paid in Full · Loan `2727247105`
## Borrower
- **Name:** DEVELOPERS FUNDING COMPANY
- **Address:** 2029 MORRIS AVE, UNION, NJ, 07083-3004
- **NAICS:** 531190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 132
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*