PPP Loan information for Arete, inc.

$556,986

Arete, inc. was initially approved for PPP Loan of amount $556,986, the current approved amount is $556,986. The loan was approved on 04/16/2020 by The The Bank of Princeton reported 24 jobs and $556,986 was used to fund payroll.

Arete, inc. is Existing or more than 2 years old

ARETE, INC.

Date Approved

04/16/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ARETE, INC.

Borrower Address

65 South Main St Building E

Borrower City

Pennington

Borrower State

NJ

Borrower Zip

08534

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

556986.05

Current Approval Amount

556986.05

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447226

Servicing Lender Name

The Bank of Princeton

Servicing Lender Address

183 Bayard Lane

Servicing Lender City

PRINCETON

Servicing Lender State

NJ

Servicing Lender Zip

08540-3044

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pennington

Project County Name

MERCER

Project State

NJ

Project Zip

08534-0007

CD

NJ-12

Jobs Reported

24

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

556986.05

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

Subchapter S Corporation

Originating Lender Location Id

447226

Originating Lender

The Bank of Princeton

Originating Lender City

PRINCETON

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

564582.72

Forgiveness Date

08/25/2021

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