# PPP loan: BORNE HOLDING CO., INC.
> **$1.56M** approved 04/05/2020 · Paid in Full · Loan `5568777008`
## Borrower
- **Name:** BORNE HOLDING CO., INC.
- **Address:** 121 Ridge Road, Jamesburg, NJ, 08831
- **NAICS:** 493110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Rent:** $45K
- **Utilities:** $15K
- **Debt interest:** $6K
- **Jobs reported:** 172
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*