# PPP loan: DAVOS CHEMICAL CORP
> **$2.25M** approved 04/14/2020 · Exemption 4 · Loan `7929957107`
## Borrower
- **Name:** DAVOS CHEMICAL CORP
- **Address:** 600 E Crescent Ave, Upper Saddle River, NJ, 07458-1846
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $884K (39%)
- **Forgiveness date:** 07/05/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.25M
- **Jobs reported:** 23
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*