PPP Loan information for Business furniture inc

$1,067,060

Business furniture inc was initially approved for PPP Loan of amount $1,067,060, the current approved amount is $1,067,060. The loan was approved on 02/05/2021 by The Loan Source Incorporated reported 60 jobs and $1,067,060 was used to fund payroll.

Business furniture inc is Existing or more than 2 years old

BUSINESS FURNITURE INC

Date Approved

02/05/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

BUSINESS FURNITURE INC

Borrower Address

133 Rahway Ave

Borrower City

Elizabeth

Borrower State

NJ

Borrower Zip

07202-2015

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1067060.00

Current Approval Amount

1067060.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Elizabeth

Project County Name

UNION

Project State

NJ

Project Zip

07202-2015

CD

NJ-08

Jobs Reported

60

NAICS Code

423210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1067056.00

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

Corporation

Originating Lender Location Id

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1075596.48

Forgiveness Date

12/01/2021

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