PPP Loan information for Cost reduction solutions

$229,362

Cost reduction solutions was initially approved for PPP Loan of amount $229,362, the current approved amount is $229,362. The loan was approved on 04/27/2020 by The Valley National Bank reported 12 jobs and $229,362 was used to fund payroll.

Cost reduction solutions is Existing or more than 2 years old

PPP Loan Search / NJ / PARSIPPANY / Cost reduction solutions

COST REDUCTION SOLUTIONS

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

COST REDUCTION SOLUTIONS

Borrower Address

44 REYNOLDS AVE

Borrower City

PARSIPPANY

Borrower State

NJ

Borrower Zip

07054-3324

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

229362.00

Current Approval Amount

229362.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PARSIPPANY

Project County Name

MORRIS

Project State

NJ

Project Zip

07054-3324

CD

NJ-11

Jobs Reported

12

NAICS Code

541219

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

11468.00

Payroll Proceed

172022.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

45872.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

231636.51

Forgiveness Date

04/29/2021

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