# PPP loan: HYGRADE BUSINESS GROUP, INC.
> **$540K** approved 04/13/2020 · Paid in Full · Loan `4645757100`
## Borrower
- **Name:** HYGRADE BUSINESS GROUP, INC.
- **Address:** 30 Seaview Drive, SECAUCUS, NJ, 07094-1807
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Rent:** $16K
- **Health care:** $43K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*