# PPP loan: PAPP IRON WORKS INC
> **$522K** approved 02/06/2021 · Paid in Full · Loan `4080798404`
## Borrower
- **Name:** PAPP IRON WORKS INC
- **Address:** 950 S 2nd St, Plainfield, NJ, 07063-1302
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $530K (102%)
- **Forgiveness date:** 10/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $522K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*