# PPP loan: PROSPECT CONTRACTING INC
> **$224K** approved 04/15/2020 · Paid in Full · Loan `9577287101`
## Borrower
- **Name:** PROSPECT CONTRACTING INC
- **Address:** 1286 Prospect Place, Brooklyn, NY, 11213
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $391K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Rent:** $29K
- **Debt interest:** $9K
- **Jobs reported:** 13
## 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*