PPP Loan information for The arc of somerset count inc

$1,846,900

The arc of somerset count inc was initially approved for PPP Loan of amount $1,853,900, the current approved amount is $1,846,900. The loan was approved on 04/08/2020 by The Magyar Bank reported 285 jobs and $1,846,900 was used to fund payroll.

The arc of somerset count inc is Existing or more than 2 years old

PPP Loan Search / NJ / MANVILLE / The arc of somerset count inc

THE ARC OF SOMERSET COUNT INC

Date Approved

04/08/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

THE ARC OF SOMERSET COUNT INC

Borrower Address

141 S. MAIN ST

Borrower City

MANVILLE

Borrower State

NJ

Borrower Zip

08835-1803

Loan Status Date

09/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1853900.00

Current Approval Amount

1846900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANVILLE

Project County Name

SOMERSET

Project State

NJ

Project Zip

08835-1803

CD

NJ-12

Jobs Reported

285

NAICS Code

813219

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1846900.00

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

Non-Profit Organization

Originating Lender Location Id

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1871012.31

Forgiveness Date

08/16/2021

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