# PPP loan: THE LANEL COMPANIES INC.
> **$183K** approved 01/29/2021 · Paid in Full · Loan `8229418305`
## Borrower
- **Name:** THE LANEL COMPANIES INC.
- **Address:** 32 Park St, Montclair, NJ, 07042-3440
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $183K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Blue Foundry Bank
- **Servicing:** Blue Foundry Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*