501 JERSEY AVE PROPERTY LLC (NJ) - 2020 PPP Loan Borrower Profile (# 3133057409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 501 JERSEY AVE PROPERTY 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

3133057409

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$810,030

Date Loan was Approved

May 6, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

3 Months

Utilities Proced

101,253.75

Payroll Proced

607,522.5

Rent Proceed

101,253.75

Lender

Celtic Bank Corporation

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531210

Borrower Location

New Brunswick, NJ

Project Location

New Brunswick, 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.