# PPP loan: PIONEER PACKAGING INC.
> **$474K** approved 04/12/2020 · Paid in Full · Loan `3704797108`
## Borrower
- **Name:** PIONEER PACKAGING INC.
- **Address:** 31 Wilson Drive, Sparta, NJ, 07871-3427
- **NAICS:** 322212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Mortgage interest:** $47K
- **Utilities:** $47K
- **Jobs reported:** 32
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*