# PPP loan: JAF CONVERTERS INC
> **$308K** approved 04/30/2020 · Paid in Full · Loan `5998607308`
## Borrower
- **Name:** JAF CONVERTERS INC
- **Address:** 60 MARCONI BLVD, COPIAGUE, NY, 11726
- **NAICS:** 339950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Rent:** $65K
- **Utilities:** $55K
- **Health care:** $65K
- **Jobs reported:** 27
## 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*