# PPP loan: ADC CONSTRUCTION LLC
> **$2.06M** approved 04/13/2020 · Paid in Full · Loan `5122367107`
## Borrower
- **Name:** ADC CONSTRUCTION LLC
- **Address:** 58-08 48TH STREET 0.0, MASPETH, NY, 11378-2016
- **NAICS:** 237310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $2.08M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.68M
- **Rent:** $68K
- **Utilities:** $22K
- **Health care:** $189K
- **Debt interest:** $100K
- **Jobs reported:** 65
## 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*