# PPP loan: ULTIMATE SPINNING & TURNING CORP.
> **$152K** approved 04/12/2020 · Paid in Full · Loan `3938957100`
## Borrower
- **Name:** ULTIMATE SPINNING & TURNING CORP.
- **Address:** 9 Willow Street, Moonachie, NJ, 07074-1502
- **NAICS:** 332919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 15
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*