5 WEST GROUP LLC (NJ) - 2020 PPP Loan Borrower Profile (# 7992507202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5 WEST GROUP 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

7992507202

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$594,560.92

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$601,760.81

Date Loan was Forgiven

Jul 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

17,837

Payroll Proced

445,920.92

Mortgage Interest Proceed

130,803

Lender

Cross River Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531311

Borrower Location

LAKEWOOD, NJ

Project Location

LAKEWOOD, NJ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.