# PPP loan: ULTIMA CONSTRUCTION INC.
> **$177K** approved 01/23/2021 · Exemption 4 · Loan `4862438308`
## Borrower
- **Name:** ULTIMA CONSTRUCTION INC.
- **Address:** 440 Sylvan Ave Ste 250, Englewood Cliffs, NJ, 07632-2700
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $126K (71%)
- **Forgiveness date:** 01/12/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 29
## Lender
- **Originating:** TruFund Financial Services Inc
- **Servicing:** TruFund Financial Services Inc (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*