# PPP loan: JCS CONSTRUCTION CORP
> **$1.27M** approved 04/13/2020 · Charged Off · Loan `4498407110`
## Borrower
- **Name:** JCS CONSTRUCTION CORP
- **Address:** 430 3rd Ave, Brooklyn, NY, 11215-2802
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.42M
- **Forgiven:** $536K (42%)
- **Forgiveness date:** 03/31/2021
- **Status:** Charged Off
- **Term:** 16 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 106
## 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*