# PPP loan: JESCO INC
> **$6.40M** approved 04/15/2020 · Paid in Full · Loan `8322427110`
## Borrower
- **Name:** JESCO INC
- **Address:** 118 Saint Nicholas Avenue, South Plainfield, NJ, 07080
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.40M
- **Initial approval:** $6.40M
- **Forgiven:** $6.47M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.81M
- **Rent:** $516K
- **Utilities:** $114K
- **Health care:** $961K
- **Jobs reported:** 315
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*