1616 MANAGEMENT LLC (NJ) - 2020 PPP Loan Borrower Profile (# 1254927309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1616 MANAGEMENT LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New Jersey.

Loan Detail

Loan Number

1254927309

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$21,404.5

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$21,554.33

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,675.56

Payroll Proced

16,053.38

Mortgage Interest Proceed

2,675.56

Lender

Fulton Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531120

Borrower Location

atlantic city, NJ

Project Location

atlantic city, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.