# PPP loan: FREDDY'S DRYWALL INC.
> **$188K** approved 05/01/2021 · Paid in Full · Loan `5920358900`
## Borrower
- **Name:** FREDDY'S DRYWALL INC.
- **Address:** 312 W Point Ave, Somerset, NJ, 08873-2911
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $68K (36%)
- **Forgiveness date:** 09/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 16
## Lender
- **Originating:** Financial Resources FCU
- **Servicing:** Financial Resources FCU (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*