# PPP loan: MORENG TELECOM PRODUCTS LLC
> **$357K** approved 03/15/2021 · Paid in Full · Loan `2488438602`
## Borrower
- **Name:** MORENG TELECOM PRODUCTS LLC
- **Address:** 357 Hamburg Tpke, Wayne, NJ, 07470-2142
- **NAICS:** 423690
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $357K
- **Jobs reported:** 25
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*