# PPP loan: REGAL RECONSTRUCTION CORP.
> **$488K** approved 02/24/2021 · Charged Off · Loan `3730898506`
## Borrower
- **Name:** REGAL RECONSTRUCTION CORP.
- **Address:** 56 Van St, Staten Island, NY, 10310-1311
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $146K (30%)
- **Forgiveness date:** 02/14/2022
- **Status:** Charged Off
- **Term:** 44 months
## Use of funds
- **Payroll:** $488K
- **Utilities:** $1
- **Jobs reported:** 170
## Lender
- **Originating:** Empire State Bank
- **Servicing:** Empire State Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*