# PPP loan: B & L TIRE SERVICE INC
> **$622K** approved 04/15/2020 · Paid in Full · Loan `1687357201`
## Borrower
- **Name:** B & L TIRE SERVICE INC
- **Address:** 100 Minue st, Carteret, NJ, 07008
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $628K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $622K
- **Jobs reported:** 47
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*