AARC SYSTEMS INC (NJ) - 2020 PPP Loan Borrower Profile (# 2543577704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AARC SYSTEMS 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

2543577704

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$25,602

Date Loan was Approved

May 1, 2020

Amount Forgiven

$25,831.29

Date Loan was Forgiven

Mar 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

221

Payroll Proced

23,595

Rent Proceed

1,413

Health Care Proceed

373

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

Borrower Location

SOUTH PLAINFIELD, NJ

Project Location

SOUTH PLAINFIELD, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.