PPP Loan information for Educational resource systems, inc.

$1,245,000

Educational resource systems, inc. was initially approved for PPP Loan of amount $1,245,000, the current approved amount is $1,245,000. The loan was approved on 04/29/2020 by The American Express National Bank reported 57 jobs and $1,245,000 was used to fund payroll.

Educational resource systems, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / RED BANK / Educational resource systems, inc.

EDUCATIONAL RESOURCE SYSTEMS, INC.

Date Approved

04/29/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

EDUCATIONAL RESOURCE SYSTEMS, INC.

Borrower Address

2 Bridge Avenue suite 623

Borrower City

RED BANK

Borrower State

NJ

Borrower Zip

07701

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1245000.00

Current Approval Amount

1245000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113190

Servicing Lender Name

American Express National Bank

Servicing Lender Address

115 West Towne Ridge Parkway

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED BANK

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07701-0001

CD

NJ-06

Jobs Reported

57

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

37350.00

Payroll Proceed

1132950.00

Mortgage Interest Proceed

12450.00

Rent Proceed

12450.00

Refinance EIDL Proceed

0.00

Health Care Proceed

49800.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

113190

Originating Lender

American Express National Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1260690.41

Forgiveness Date

08/11/2021

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