PPP Loan information for Somerfield management group

$20,000

Somerfield management group was initially approved for PPP Loan of amount $20,000, the current approved amount is $20,000. The loan was approved on 05/06/2020 by The Loan Source Incorporated reported 1 jobs and $20,000 was used to fund payroll.

Somerfield management group is Existing or more than 2 years old

PPP Loan Search / NJ / Scotch Plains / Somerfield management group

SOMERFIELD MANAGEMENT GROUP

Date Approved

05/06/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SOMERFIELD MANAGEMENT GROUP

Borrower Address

2560 U.S. 22

Borrower City

Scotch Plains

Borrower State

NJ

Borrower Zip

07076

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

20000.00

Current Approval Amount

20000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Scotch Plains

Project County Name

UNION

Project State

NJ

Project Zip

07076-0001

CD

NJ-07

Jobs Reported

1

NAICS Code

531390

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

20000.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

43251

Originating Lender

Peapack-Gladstone Bank

Originating Lender City

BEDMINSTER

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

20255.89

Forgiveness Date

09/14/2021

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