# PPP loan: APPROVED OIL CO. OF BROOKLYN, INC.
> **$4.42M** approved 04/09/2020 · Paid in Full · Loan `9572767006`
## Borrower
- **Name:** APPROVED OIL CO. OF BROOKLYN, INC.
- **Address:** 6717 4th Avenue 0.0, Brooklyn, NY, 11220-5306
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.42M
- **Initial approval:** $4.42M
- **Forgiven:** $4.47M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.60M
- **Rent:** $100K
- **Utilities:** $40K
- **Health care:** $680K
- **Jobs reported:** 272
## 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*