# PPP loan: FRED M. SCHIAVONE CONSTRUCTION, INC
> **$1.40M** approved 04/29/2020 · Paid in Full · Loan `3211367306`
## Borrower
- **Name:** FRED M. SCHIAVONE CONSTRUCTION, INC
- **Address:** PO BOX 416, MALAGA, NJ, 08328
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 35
## Lender
- **Originating:** Newfield National Bank
- **Servicing:** Newfield National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*