# PPP loan: ALGEREM, INC.
> **$674K** approved 04/08/2020 · Paid in Full · Loan `8341727003`
## Borrower
- **Name:** ALGEREM, INC.
- **Address:** 5195 HAMPSTED VILLAGE CENTER WAY, NEW ALBANY, OH, 43054-8331
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $680K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $506K
- **Rent:** $169K
- **Jobs reported:** 163
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*