ABC TRANS CORP. (NJ) - 2020 PPP Loan Borrower Profile (# 1579407707)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABC TRANS CORP.. 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

1579407707

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$570,652

Date Loan was Approved

May 1, 2020

Amount Forgiven

$578,124.05

Date Loan was Forgiven

Aug 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,800

Payroll Proced

428,000

Mortgage Interest Proceed

123,852

Rent Proceed

14,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

485113

Borrower Location

NEW BRUNSWICK, NJ

Project Location

NEW BRUNSWICK, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

147

Business Age Description

Existing or more than 2 years old

Data Source: SBA.