PPP Loan information for Cherry tree inc

$652,512

Cherry tree inc was initially approved for PPP Loan of amount $652,512, the current approved amount is $652,512. The loan was approved on 01/20/2021 by The Sturdy Savings Bank reported 30 jobs and $652,512 was used to fund payroll.

Cherry tree inc is Existing or more than 2 years old

PPP Loan Search / NJ / Cape May / Cherry tree inc

CHERRY TREE INC

Date Approved

01/20/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

CHERRY TREE INC

Borrower Address

801 Washington St

Borrower City

Cape May

Borrower State

NJ

Borrower Zip

08204-1651

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

652512.00

Current Approval Amount

652512.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80115

Servicing Lender Name

Sturdy Savings Bank

Servicing Lender Address

9417 Third Ave

Servicing Lender City

STONE HARBOR

Servicing Lender State

NJ

Servicing Lender Zip

08247-1926

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cape May

Project County Name

CAPE MAY

Project State

NJ

Project Zip

08204-1651

CD

NJ-02

Jobs Reported

30

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

652509.00

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

80115

Originating Lender

Sturdy Savings Bank

Originating Lender City

STONE HARBOR

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

655919.56

Forgiveness Date

08/06/2021

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