# PPP loan: ALLOCCO RECYCLING LTD
> **$1.40M** approved 04/28/2020 · Paid in Full · Loan `9301617201`
## Borrower
- **Name:** ALLOCCO RECYCLING LTD
- **Address:** 540 KINGSLAND AVE, BROOKLYN, NY, 11222
- **NAICS:** 562211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.42M (102%)
- **Forgiveness date:** 01/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 88
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*