229 BATH AVE INC (NJ) - 2020 PPP Loan Borrower Profile (# 5816117401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 229 BATH AVE INC. 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

5816117401

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$467,475

Date Loan was Approved

May 13, 2020

Amount Forgiven

$472,405.9

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

22,710

Payroll Proced

269,968

Mortgage Interest Proceed

Rent Proceed

94,157

Refinance EIDL Proceed

Health Care Proceed

80,640

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

623110

Borrower Location

Long Branch, NJ

Project Location

Long Branch, 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.