# PPP loan: FRANK CAPASSO & SONS INC.
> **$1.33M** approved 04/04/2020 · Paid in Full · Loan `4840787006`
## Borrower
- **Name:** FRANK CAPASSO & SONS INC.
- **Address:** 1003 MIDDLETOWN AVE, NORTHFORD, CT, 06472-1338
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Jobs reported:** 11
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*