ADAGIO TEAS, INC. (NJ) - 2020 PPP Loan Borrower Profile (# 8061997107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAGIO TEAS, 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

8061997107

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$309,970

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$311,999.67

Date Loan was Forgiven

Dec 21, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,000

Payroll Proced

250,000

Mortgage Interest Proceed

Rent Proceed

45,000

Refinance EIDL Proceed

Health Care Proceed

9,970

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

311920

Borrower Location

Elmwood Park, NJ

Project Location

Elmwood Park, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.