# PPP loan: BANC & JACK PERO INC
> **$165K** approved 02/09/2021 · Exemption 4 · Loan `5658988404`
## Borrower
- **Name:** BANC & JACK PERO INC
- **Address:** 6 12 WILLOW ST, BLOOMFIELD, NJ, 07003
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $78K (47%)
- **Forgiveness date:** 11/01/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*