# PPP loan: LORENZO FOOD GROUP, INC.
> **$3.93M** approved 04/09/2020 · Paid in Full · Loan `9948167002`
## Borrower
- **Name:** LORENZO FOOD GROUP, INC.
- **Address:** 196 Coolidge Avenue 0.0, Englewood, NJ, 07631-4522
- **NAICS:** 311991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.93M
- **Initial approval:** $3.93M
- **Forgiven:** $3.98M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.36M
- **Rent:** $96K
- **Mortgage interest:** $283K
- **Utilities:** $53K
- **Health care:** $106K
- **Debt interest:** $35K
- **Jobs reported:** 412
## 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*