# PPP loan: SBM GROUP
> **$296K** approved 04/09/2021 · Paid in Full · Loan `1009198808`
## Borrower
- **Name:** SBM GROUP
- **Address:** 629 Amboy Ave Ste 203, Edison, NJ, 08837-3579
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 14
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*