# PPP loan: FARM-RITE, INC.
> **$610K** approved 04/10/2020 · Charged Off · Loan `1842927109`
## Borrower
- **Name:** FARM-RITE, INC.
- **Address:** 122 OLD COHANSEY RD, BRIDGETON, NJ, 08302-6761
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $610K
- **Jobs reported:** 45
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*