# PPP loan: FRANCO ASSOCIATES
> **$1.83M** approved 04/09/2020 · Paid in Full · Loan `9974737000`
## Borrower
- **Name:** FRANCO ASSOCIATES
- **Address:** 1501 Ardmore Boulevard 0.0, Pittsburgh, PA, 15221-4401
- **NAICS:** 236220
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Rent:** $7K
- **Mortgage interest:** $45K
- **Health care:** $235K
- **Jobs reported:** 108
## 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*