PPP Loan information for Faps inc.

$2,000,000

Faps inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/12/2021 by The Webster Bank National Association reported 294 jobs and $2,000,000 was used to fund payroll.

Faps inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Newark / Faps inc.

FAPS INC.

Date Approved

03/12/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

FAPS INC.

Borrower Address

371 Craneway St

Borrower City

Newark

Borrower State

NJ

Borrower Zip

07114-3114

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

15940

Servicing Lender Name

Webster Bank National Association

Servicing Lender Address

137 Bank St

Servicing Lender City

WATERBURY

Servicing Lender State

CT

Servicing Lender Zip

06702-2205

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

ESSEX

Project State

NJ

Project Zip

07114-3114

CD

NJ-10

Jobs Reported

294

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

Subchapter S Corporation

Originating Lender Location Id

15940

Originating Lender

Webster Bank National Association

Originating Lender City

WATERBURY

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2014630.14

Forgiveness Date

12/13/2021

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