# PPP loan: FAIRMONT INSURANCE BROKERS, LTD
> **$995K** approved 05/01/2020 · Paid in Full · Loan `8247367300`
## Borrower
- **Name:** FAIRMONT INSURANCE BROKERS, LTD
- **Address:** 1600 60th Street 0.0, Brooklyn, NY, 11204-2138
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $995K
- **Initial approval:** $995K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $803K
- **Rent:** $25K
- **Utilities:** $8K
- **Health care:** $160K
- **Jobs reported:** 75
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*