# PPP loan: COLONIA NATURAL PHARMACY
> **$325K** approved 05/19/2020 · Paid in Full · Loan `8974087404`
## Borrower
- **Name:** COLONIA NATURAL PHARMACY
- **Address:** 515 Inman Ave, Colonia, NJ, 07067
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Rent:** $6K
- **Utilities:** $3K
- **Health care:** $13K
- **Debt interest:** $4K
- **Jobs reported:** 33
## 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*