# PPP loan: WHITECAP INDUSTRIES INC
> **$198K** approved 04/12/2020 · Paid in Full · Loan `3992547107`
## Borrower
- **Name:** WHITECAP INDUSTRIES INC
- **Address:** 131 Ethel Road West Suite #5, PISCATAWAY, NJ, 08854-5900
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 14
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*