# PPP loan: NORTHEAST REMSCO CONSTRUCTION, INC.
> **$7.68M** approved 04/15/2020 · Paid in Full · Loan `8762027101`
## Borrower
- **Name:** NORTHEAST REMSCO CONSTRUCTION, INC.
- **Address:** 1433 HWY 34 SOUTH B1, FARMINGDALE, NJ, 07727
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.68M
- **Initial approval:** $7.68M
- **Forgiven:** $7.83M (102%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.88M
- **Rent:** $145K
- **Utilities:** $118K
- **Health care:** $400K
- **Debt interest:** $140K
- **Jobs reported:** 252
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*