PPP Loan information for 40 acres development & investment group

Date Approved

05/03/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

40 ACRES DEVELOPMENT & INVESTMENT GROUP

Borrower Address

2906 MADALINE DR

Borrower City

AVENEL

Borrower State

NJ

Borrower Zip

07001-1352

Loan Status Date

Loan Status

Exemption 4

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

185000.00

Current Approval Amount

185000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

AVENEL

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

07001-1352

CD

NJ-06

Jobs Reported

10

NAICS Code

531210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

185000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

70918.63

Forgiveness Date

08/27/2021