# PPP loan: TOWER ROAD DISTRIBUTOR'S INC.
> **$2.92M** approved 04/04/2020 · Paid in Full · Loan `4808417000`
## Borrower
- **Name:** TOWER ROAD DISTRIBUTOR'S INC.
- **Address:** 60 TOWER RD, DAYTON, NJ, 08810-1571
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.92M
- **Initial approval:** $2.82M
- **Forgiven:** $2.96M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.92M
- **Jobs reported:** 223
## Lender
- **Originating:** Parke Bank
- **Servicing:** Parke Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*