# PPP loan: AE CARGO GROUP INC
> **$253K** approved 03/27/2021 · Paid in Full · Loan `1800628710`
## Borrower
- **Name:** AE CARGO GROUP INC
- **Address:** 309 Emmet St, Newark, NJ, 07114-2817
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Utilities:** $1
- **Jobs reported:** 19
## 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*