# PPP loan: SALON DEVELOPMENT CORP
> **$1.09M** approved 02/26/2021 · Paid in Full · Loan `4531578506`
## Borrower
- **Name:** SALON DEVELOPMENT CORP
- **Address:** 55 Eagle Rock Ave Unit 6, East Hanover, NJ, 07936-3143
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 04/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.09M
- **Utilities:** $1
- **Jobs reported:** 225
## Lender
- **Originating:** ConnectOne Bank
- **Servicing:** ConnectOne Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*