# PPP loan: FADA GROUP, INC.
> **$251K** approved 04/08/2020 · Paid in Full · Loan `8593777003`
## Borrower
- **Name:** FADA GROUP, INC.
- **Address:** 248 US Highway 46 West, DENVILLE, NJ, 07834
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Rent:** $34K
- **Utilities:** $12K
- **Health care:** $4K
- **Jobs reported:** 40
## Lender
- **Originating:** Unity Bank
- **Servicing:** Unity Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*