40 ACRES DEVELOPMENT & INVESTMENT GROUP (NJ) - 2020 PPP Loan Borrower Profile (# 9946787301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 40 ACRES DEVELOPMENT & INVESTMENT GROUP. 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

9946787301

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$185,000

Date Loan was Approved

May 3, 2020

Amount Forgiven

$70,918.63

Date Loan was Forgiven

Aug 27, 2021

Loan Status

Exemption 4

Loan Term

24 Months

Payroll Proced

185,000

Lender

Bank of America, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531210

Borrower Location

AVENEL, NJ

Project Location

AVENEL, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.