# PPP loan: JERSEY TRUCK EQUIPMENT CO INC
> **$162K** approved 04/10/2020 · Paid in Full · Loan `1539637102`
## Borrower
- **Name:** JERSEY TRUCK EQUIPMENT CO INC
- **Address:** 5018 Industrial Rd, WALL, NJ, 07719
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 13
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*