# PPP loan: APPRAISAL ECONOMICS INC.
> **$419K** approved 04/28/2020 · Paid in Full · Loan `8535957207`
## Borrower
- **Name:** APPRAISAL ECONOMICS INC.
- **Address:** 140 East Ridgewood Avenue, Paramus, NJ, 07652
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Rent:** $42K
- **Health care:** $42K
- **Jobs reported:** 18
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*