# PPP loan: MICHAEL ARAM INC
> **$1.02M** approved 04/11/2020 · Paid in Full · Loan `3104057105`
## Borrower
- **Name:** MICHAEL ARAM INC
- **Address:** 2102 83rd Street 0.0, North Bergen, NJ, 07047-2010
- **NAICS:** 442299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.04M (102%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $685K
- **Mortgage interest:** $220K
- **Utilities:** $32K
- **Health care:** $85K
- **Jobs reported:** 76
## 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*