# PPP loan: ALLOFIT INC
> **$256K** approved 04/28/2020 · Paid in Full · Loan `6423787200`
## Borrower
- **Name:** ALLOFIT INC
- **Address:** 2424 N Federal Highway Suite 410, Boca Raton, FL, 33431
- **NAICS:** 423220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $256K
- **Jobs reported:** 12
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*