# PPP loan: NEVCO CONTRACTING INC
> **$1.16M** approved 04/13/2020 · Paid in Full · Loan `4962837104`
## Borrower
- **Name:** NEVCO CONTRACTING INC
- **Address:** 9-11 N West Street, MOUNT VERNON, NY, 10550-1710
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $30K
- **Utilities:** $3K
- **Health care:** $110K
- **Jobs reported:** 95
## 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*