# PPP loan: TONAR INDUSTRIES, INC.
> **$161K** approved 04/14/2020 · Paid in Full · Loan `7026007103`
## Borrower
- **Name:** TONAR INDUSTRIES, INC.
- **Address:** 419 Franklin Ave, Rockaway, NJ, 07866
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Jobs reported:** 9
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*