# PPP loan: DIAMOND NEEDLE CORPORATION
> **$378K** approved 04/27/2020 · Exemption 4 · Loan `5165577209`
## Borrower
- **Name:** DIAMOND NEEDLE CORPORATION
- **Address:** 60 COMMERCE RD, CARLSTADT, NJ, 07072-2503
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $378K
- **Initial approval:** $378K
- **Forgiven:** $329K (87%)
- **Forgiveness date:** 11/27/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $341K
- **Rent:** $33K
- **Utilities:** $3K
- **Jobs reported:** 22
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*