Schifano Construction Corp

$3,926,375 PPP Loan in Middlesex, New Jersey

Loan Details

Loan Number
6104867105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$3,926,375
Current Approval
$3,926,375
Forgiveness Amount
$3,971,340
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schifano Construction Corp
Address
1 Smalley Avenue
ZIP Code
08846
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237990)
Business Age
Existing or more than 2 years old
Jobs Reported
187
Estimated Revenue
$58.0M
Rural/Urban
Urban
Congressional District
NJ-12

Loan Use Breakdown

Payroll
$2,580,022
Rent
$120,000
Utilities
$25,000
Health Care
$1,146,353
Debt Interest
$55,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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