# PPP loan: TORCON, INC
> **$4.02M** approved 04/27/2020 · Paid in Full · Loan `3940937202`
## Borrower
- **Name:** TORCON, INC
- **Address:** 328 Newman Springs Road, Red Bank, NJ, 07701
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.02M
- **Initial approval:** $4.02M
- **Forgiven:** $4.07M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.02M
- **Jobs reported:** 197
## Lender
- **Originating:** Emigrant Bank
- **Servicing:** Emigrant Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*