# PPP loan: PARAMOUNT EQUIPMENT, LLC
> **$424K** approved 04/15/2020 · Paid in Full · Loan `8510827109`
## Borrower
- **Name:** PARAMOUNT EQUIPMENT, LLC
- **Address:** 616 W 1ST AVE, ROSELLE, NJ, 07203
- **NAICS:** 423810
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $384K
- **Rent:** $30K
- **Health care:** $9K
- **Jobs reported:** 11
## 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*