# PPP loan: MONADNOCK CONSTRUCTION IINC
> **$2.85M** approved 04/14/2020 · Paid in Full · Loan `7585597101`
## Borrower
- **Name:** MONADNOCK CONSTRUCTION IINC
- **Address:** 155 3rd Street, Brooklyn, NY, 11231
- **NAICS:** 236116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.85M
- **Initial approval:** $2.85M
- **Forgiven:** $2.88M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Rent:** $145K
- **Utilities:** $14K
- **Health care:** $220K
- **Jobs reported:** 233
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*