# PPP loan: PASSAIC VENTURES, LLC
> **$244K** approved 04/14/2020 · Paid in Full · Loan `6484967101`
## Borrower
- **Name:** PASSAIC VENTURES, LLC
- **Address:** 598 Bloomfield Ave., BLOOMFIELD, NJ, 07003-2510
- **NAICS:** 532210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $61K
- **Utilities:** $8K
- **Jobs reported:** 10
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*