Date Approved
04/08/2020
SBA Office Code
0299
Processing Method
PPP
Borrower Name
COVERLON COMPANY, INC.
Borrower Address
11 Readington Road
Borrower City
SOMERVILLE
Borrower State
NJ
Borrower Zip
08876-3520
Loan Status Date
01/21/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
169937.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
117644
Servicing Lender Name
Unity Bank
Servicing Lender Address
64 Old Hwy 22
Servicing Lender City
CLINTON
Servicing Lender State
Servicing Lender Zip
08809-1305
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SOMERSET
Project State
Project Zip
CD
NJ-07
Jobs Reported
31
NAICS Code
326130
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
5097.00
Payroll Proceed
127454.00
Mortgage Interest Proceed
Rent Proceed
37386.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
170928.30
Forgiveness Date
11/17/2020