PPP Loan information for Somerset technology group llc

$308,780

Somerset technology group llc was initially approved for PPP Loan of amount $308,780, the current approved amount is $308,780. The loan was approved on 01/30/2021 by The Valley National Bank reported 17 jobs and $308,780 was used to fund payroll.

Somerset technology group llc is Existing or more than 2 years old

PPP Loan Search / NJ / Newark / Somerset technology group llc

SOMERSET TECHNOLOGY GROUP LLC

Date Approved

01/30/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

SOMERSET TECHNOLOGY GROUP LLC

Borrower Address

550 Broad St Ste 804

Borrower City

Newark

Borrower State

NJ

Borrower Zip

07102-4540

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

308780.00

Current Approval Amount

308780.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

ESSEX

Project State

NJ

Project Zip

07102-4540

CD

NJ-10

Jobs Reported

17

NAICS Code

541519

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

308776.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

311198.78

Forgiveness Date

11/19/2021

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