# PPP loan: CLOSEOUTS SURPLUS & SALVAGE, INC
> **$1.07M** approved 04/09/2020 · Paid in Full · Loan `9533547007`
## Borrower
- **Name:** CLOSEOUTS SURPLUS & SALVAGE, INC
- **Address:** 35 Love Lane 0.0, Netcong, NJ, 07857-1013
- **NAICS:** 423920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $267K
- **Jobs reported:** 94
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*